Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

Sobi publishes Report for the Second Quarter 2013

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
Posted On: 07/18/2013 2:15:23 AM
Avatar
Posted By: News Desk 2018
Sobi publishes Report for the Second Quarter 2013

Swedish Orphan Biovitrum AB (publ) (Sobi) today announced its results for the second quarter 2013. Revenues for the quarter totalled SEK 520 M (481), an increase of 8 percent. All segments of the commercial portfolio contributed to the positive top line results in the quarter, and the pipeline programs reached several important milestones. The company reconfirmed its outlook for the year. Business Highlights * Received US Food and Drug Administration (FDA) approval to manufacture drug substance for Kineret® * Biogen Idec and Sobi presented further data from the phase 3 studies of their long-lasting haemophilia factor candidates * Completed enrolment for the Kiobrina® LAIF (Lipase Added to Infant Feeding) phase 3 study Financial Highlights * Total revenues increased by 8 percent to SEK 520.2 M (480.7) * Gross margin was 61 percent (51) for the quarter * Ended the quarter with a cash position of SEK 438.1 M * Outlook for 2013 remains unchanged "We continued to make progress across our business in the second quarter. Revenue for the overall portfolio grew by 8 percent compared to last year, with Kineret, Orfadin® and Partner Products showing strong performance at the mid- point in the year. The gross margin is evolving as expected and we are making solid progress financially with improved profitability and a stable cash position," said Geoffrey McDonough, CEO and President. "In addition, our pipeline posted several significant events including the FDA approval for the manufacture of drug substance for Kineret at Boehringer Ingelheim's site in Vienna and the release of additional data from the phase 3 trials of our long- lasting recombinant clotting factors for Haemophilia." --- Sobi's report for the second quarter 2013 can be found on http://www.sobi.com/Investors--Media/Reports/ About Sobi Sobi is an international specialty healthcare company dedicated to rare diseases. Our mission is to develop and deliver innovative therapies and services to improve the lives of patients. The product portfolio is primarily focused on Inflammation and Genetic diseases, with three late-stage biological development projects within Haemophilia and Neonatology. We also market a portfolio of specialty and rare disease products for partner companies. Sobi is a pioneer in biotechnology with world-class capabilities in protein biochemistry and biologics manufacturing. In 2012, Sobi had total revenues of SEK 1.9 billion (€ 215 M) and about 500 employees. The share (STO: SOBI) is listed on NASDAQ OMX Stockholm. More information is available at www.sobi.com For more information please contact Media relations Investor relations Oskar Bosson, Head of Jörgen Winroth, Vice President, Head of Investor Communications Relations T: +46 70 410 71 80 T: +1 347-224-0819, +1 212-579-0506, +46 8 697 2135 oskar.bosson@sobi.com jorgen.winroth@sobi.com The above information has been made public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public distribution on July 18, 2013, at 8:00 CET [HUG#1717193]



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us