Alligator Bioscience AB (publ) Interim Report January-March 2019

STOCKHOLM, April 17, 2019 /PRNewswire/ -- Significant events January-March

  • First patient dosed in Phase I clinical study of ATOR-1015.
  • New preclinical data presented demonstrating strong anti-tumor effects for the 4-1BB antibody ATOR-1017.
  • Alligator Bioscience launched RUBY™, a novel concept in bispecific antibody formats.

Events after the end of the period

  • Tumor-localizing properties of ATOR-1015 demonstrated by live imaging.
  • New preclinical data for ATOR-1144 demonstrates potential for activation of both the innate and the adaptive immune system as well as direct anti-tumor effects.

Financial information

January-March 2019

  • Net sales, SEK 0.0 million (0.8)
  • Total operating costs SEK -46.7 million (-45.0)
  • Operating result, SEK -46.2 million (-44.0)
  • Earnings per share before and after dilution, SEK -0.62 (-0.59)
  • Cash flow for the period, SEK -34.3 million (0.8)
  • Cash and cash equivalents, including securities, SEK 402.9 million (436.4)
  • "This is a very exciting year for Alligator. We currently have two projects – ADC-1013 and ATOR-1015 – in clinical development. These projects will soon be joined by ATOR-1017," CEO Per Norlén comments.

    Read the complete report in the pdf below.

    The information was submitted for publication at 8:00 a.m. CEST on April 17, 2019.

    For further information, please contact:

    Per Norlén

    CEO

    per.norlen@alligatorbioscience.com

    046-540-82-00

    Per-Olof Schrewelius

    CFO

    per-olof.schrewelius@alligatorbioscience.com

    046-540-82-03

    Cecilia Hofvander

    Director IR & Communications

    cecilia.hofvander@alligatorbioscience.com

    046-540-82-06

    Alligator Bioscience AB (publ) 556597-8201

    Medicon Village, Scheelevägen 2, 223 81 Lund, Sweden

    Phone +46-46-540-82-00

    www.alligatorbioscience.com

    About Alligator Bioscience

    Alligator Bioscience AB is a clinical-stage biotechnology company developing tumor-directed immuno-oncology antibody drugs. Alligator's growing pipeline includes five lead clinical and preclinical drug candidates: ADC-1013, ATOR-1015, ATOR-1017, ALG.APV-527 and ATOR-1144. Alligator's shares are listed on Nasdaq Stockholm (ATORX). The Company is headquartered in Lund, Sweden, and has approximately 55 employees. For more information, please visit www.alligatorbioscience.com.

    ADC-1013 (JNJ-7107) is licensed to Janssen Biotech, Inc. for global development and commercialization.

    This information was brought to you by Cision http://news.cision.com

    https://news.cision.com/alligator-bioscience/r/alligator-bioscience-ab--publ--interim-report-january-march-2019,c2789720

    The following files are available for download:

    https://mb.cision.com/Main/12681/2789720/1027439.pdf

    Alligator Bioscience AB (publ) Interim report January-March 2019

    Cision View original content:http://www.prnewswire.com/news-releases/alligator-bioscience-ab-publ-interim-report-january-march-2019-300833596.html

    SOURCE Alligator Bioscience

    Market News and Data brought to you by Benzinga APIs
    Comments
    Loading...
    Posted In: EarningsSmall CapPress Releases
    Benzinga simplifies the market for smarter investing

    Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

    Join Now: Free!