Active Biotech AB Interim report January - March 2018

        

First quarter in brief

• Decision on new share issue with preferential rights for shareholders taken at Extraordinary General Meeting on March 19, 2018
• Patent application for tasquinimod for the treatment of multiple myeloma approved in the US

Product patent for the second patent family in the SILC project granted in the US

Events after the end of the period

• The rights issue implemented in April was oversubscribed by approximately 30 percent. The company received a capital infusion of approximately SEK 46,9 M after issue expenses
• Our partner NeoTX presented new preclinical data for ANYARA at the AACR Annual Meeting in Chicago

Financial summary

SEK M	Jan-Mar			Full-year
	2018	2017			2017
Net sales	4.8	4.7			20.2
Operating loss	-8.5	-14.6			*-102.5
Loss after tax	-10.2	-15.8			*-108,8
Loss per share (SEK)	-0.11	-0.16			-1.12
Cash and cash equivalents (at close of the period)	12.8	62.7			25.2

   * of which write down of property SEK 50 M

For further information, please contact:

Helén Tuvesson, CEO   Tel: [phone]     Hans Kolam, CFO   Tel: [phone]

Active Biotech AB (Corp. Reg. No. 556223-9227) Box 724, SE-220 07 Lund Tel: [phone]

The report is also available at https://www.activebiotech.com/en.

Active Biotech AB Interim report January - March 2018

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Source: Active Biotech via Globenewswire