ABLYNX ANNOUNCES HALF-YEAR RESULTS FOR 2015

REGULATED INFORMATION 

• Caplacizumab on track to enter Phase III in acquired TTP, with Ablynx committed to lead commercialisation in Europe and the USA
• 4 Phase II clinical programmes progressing in RSV, RA and SLE

Significant expansion of immuno-oncology deal with Merck & Co., Inc. now up to 17 programmes

New partnerships established with Genzyme and Taisho

Revenue and grant income up 73% to €38.4 million

Successful issue of €100 million convertible bond, with €268.4 million in cash at 30 June 2015

  

Webcast presentation scheduled today at 4 pm CET (10 am EST); accessible by clicking here or on the Ablynx website at http://www.ablynx.com/news/events-presentations/
To participate in the Q&A, dial [phone] with confirmation code 6867520

GHENT, Belgium, 27 August 2015 - Ablynx [Euronext Brussels: ABLX; OTC: ABYLY] today announced its business update and results for the six-month period ending 30 June 2015, which have been prepared in accordance with the IAS 34 "Interim Financial Reporting" as adopted by the European Union.

Dr Edwin Moses, CEO of Ablynx commented:

"We have made substantial progress on all fronts, in our own fully-owned programmes and in our partnerships with leading pharmaceutical companies. In our later stage clinical pipeline we are now running four Phase II studies and will be shortly commencing the Phase III study with our wholly-owned anti-vWF Nanobody®, caplacizumab, as a potential first-in-class treatment for the orphan blood disease acquired TTP. We intend to apply for conditional approval of this product in Europe at the beginning of 2017 and, following a review of the commercialisation options, we have concluded that this product represents a strategic opportunity in our evolution into a commercial stage company and the value is best maximised by Ablynx retaining 100% ownership of the product in the USA and Europe."

"We significantly expanded our presence in immuno-oncology with an extension of our collaboration with Merck & Co., Inc. in a deal which now includes up to 17 programmes and could generate up to €5.7 billion in milestones plus royalties. We anticipate increasing our staff by about 10% to 350 during 2015 to resource this important partnership and the other opportunities we are pursuing."