Stockholm, Sweden – Oncopeptides AB (Nasdaq Stockholm; ONCO) today announced the third quarter 2017 report.
“The data from our study, O-12-M1, provides us with an increased degree of comfort regarding a positive clinical outcome in our pivotal study OCEAN”
SUMMARY OF Q3
July 1st – September 30th 2017 Significant events after the period
- Net sales amounted to 0.0 (0.0) July 1st to September 30th 2017
MSEK · On November 1st, we announced that
- Loss for the period was 51.6 we will present results from two
(loss: 24.7) MSEK clinical studies at the American
- Loss per share, before and after Society of Hematology (ASH) annual
dilution, was 1.30 (loss: 1.06) SEK meeting in Atlanta, USA: Final data
- On September 30th cash and cash from the phase II study called O-12-M1
equivalents amounted to 443.0 (5.6) and interim data from the ongoing
MSEK phase II study called HORIZON. Both
studies target late-stage patients
with Relapsed Refractory Multiple
Myeloma (RRMM).
FINANCIAL OVERVIEW OF THE GROUP (SEK thousand):
Financial overview of the
group (SEK thousand)
2017 2016 2017 2016 2016
Jul – Jul – Sep Jan – Sep Jan – Sep Jan – Dec
Sep
Net sales 0 – – – –
Operating loss -51,573 -24,667 -180,916 -63,394 -114,482
Loss before tax -51,573 -24,667 -180,916 -63,394 -114,446
Loss for the period -51,573 -24,667 -180,916 -63,394 -114,446
Earnings per share before -1.30 -1.06 -4.78 -2.78 -4.88
and after dilution (SEK)
Cash flow from operating -86,158 -27,243 -225,818 -59,912 -104,262
activities
Cash and cash equivalents 442,964 5,647 442,964 5,647 40,251
at the end of the period
Research & development 94% 82% 80% 86% 78%
costs/operating expenses
%
FINANCIAL CALENDAR
Full Year Report 2017 February 22nd 2018
Annual General Meeting May 17th 2018
Interim Report Q1 2018 May 17th 2018
Interim Report Q2 2018 July 13th 2018
For further information, please contact:
Jakob Lindberg, CEO for Oncopeptides AB
E-mail: jakob.lindberg@oncopeptides.se
Tel: +46 8 615 20 40
Rein Piir, Head of Investor Relations for Oncopeptides AB
E-mail: rein.piir@oncopeptides.se
Tel: +46 70 853 72 92
About Oncopeptides
Oncopeptides is a research and development stage pharmaceutical company developing drugs for the treatment of cancer. Since the founding of the company, the focus has primarily been on the development of the lead product candidate Ygalo®, an innovative, peptidase-potentiated alkylator intended for effective and focused treatment of hematological cancers, and in particular multiple myeloma. The current clinical study program is intended to demonstrate better results from treatment with Ygalo® compared to established alternative drugs for patients with late-stage multiple myeloma. Ygalo® could potentially provide physicians with a new treatment option for patients suffering from this serious disease.
The information in the press release is information that Oncopeptides is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, on November 15, 2017 at 08.00 a.m. (CET).