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Mittwoch, 25.10.2017 08:25 von | Aufrufe: 16

Alligator Bioscience AB Interim Report January-September 2017

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PR Newswire

STOCKHOLM, Oct. 25, 2017 /PRNewswire/ --

Three important collaborations in place. Results in November from ADC-1013 clinical phase I study.

Significant events, July-September

• Aptevo Therapeutics and Alligator Bioscience signed a co-development agreement on the bispecific antibody ALG.APV-527. Preclinical development and initial production activities for clinical trial materials for ALG.APV-527 commenced.

• The immuno-oncology collaboration with Stanford University was expanded. The aim is to predict the clinical efficacy of Alligator's pipeline candidates using biomarkers.

• A research contract was signed with Professor Ignacio Melero, MD, PhD, from the University of Navarra in Spain, for 4-1BB as a target molecule in immunotherapy and cancer therapy.

• The results of the Alligator-led Phase I clinical trial for ADC-1013/JNJ-64457107 will be presented at the 32nd Annual Meeting of the Society for Immunotherapy of Cancer (SITC) in November.


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• Janssen's Phase I clinical trial for ADC-1013/JNJ-64457107 is ongoing with approximately 50 patients recruited to date.

Events after the end of the period

Alligator and collaboration partner Aptevo Therapeutics announced on 24 October that the tumor antigen 5T4, associated with many forms of solid tumors, is the second target for ALG.APV-527.

Financial summary

July-September

• Net sales, SEK 1.8 million (4.7).
• Operating loss, SEK 24.5 million (loss: 9.1).
• Loss for the period, SEK 25.8 million (loss: 7.5).
• Loss per share, SEK 0.36 (loss: 0.13).
• Cash and cash equivalents incl. bonds, SEK 588 million (659).

January-September

• Net sales, SEK 5.6 million (51.8).
• Operating loss, SEK 73.0 million (loss: 34.0)
• Loss for the period, SEK 76.3 million (loss: 29.0)
• Loss per share, SEK 1.07 (loss: 0.49)
• Cash flow for the period was a negative SEK 141.5 million (neg: 23.8), of which SEK 74.5 million was invested in corporate bonds.
• During the period, 1,275,000 warrants (230,000) were exercised for an equivalent number of shares.

Financial summary (Group)

2017

2016

2017

2016

2016


 

Jul-Sep

 

Jul-Sep

 

Jan-Sep

 

Jan-Sep

Jan-Dec

 

Net sales, TSEK

 

1,770

 

4,661

 

5,576

 

51,808

 

58,240

 

Operating profit/loss, TSEK

 

-24,459

 

-9,133

 

-73,032

 

-33,952

 

-56,082

 

Profit/loss for the period, TSEK 

 

-25,772

 

-7,545

 

-76,274

 

-29,008

 

-48,356

 

Cash flow for the period, TSEK

 

-25,409

 

-17,780

 

-141,479

 

-23,759

 

287,135

 

Cash and cash equivalents including bonds, TSEK

 

587,578

 

346,457

 

513,220

 

346,457

 

659,136

 

Equity ratio, %

 

97%

 

97%

 

97%

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