Ad hoc: MorphoSys Updates its 2014 Financial Guidance
(Thomson Reuters ONE) -
MorphoSys AG /
Keyword(s): Pure forecast /
Ad hoc: MorphoSys Updates its 2014 Financial Guidance
. Ad hoc announcement according to § 15 WpHG. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX OTC: MPSYY) today
announced that it is adjusting its EBIT guidance for the current year. MorphoSys
now expects a negative EBIT in the range of EUR -5 million to EUR -8 million
(from previously EUR -11 million to EUR -16 million). Reasons for the change are
the now confirmed receipt of a milestone payment from Janssen, which directly
affects the profit line, as well as a partial shift of proprietary development
expenses to 2015. Revenues are now expected at the upper end of the previously
communicated guidance range of EUR 58 million to EUR 63 million.
END OF AD HOC ANNOUNCEMENT
About MorphoSys:
MorphoSys developed HuCAL, the most successful antibody library technology in
the pharmaceutical industry. By successfully applying this and other patented
technologies, MorphoSys has become a leader in the field of therapeutic
antibodies, one of the fastest-growing drug classes in human healthcare.
Together with its pharmaceutical partners, MorphoSys has built a therapeutic
pipeline of more than 80 human antibody drug candidates for the treatment of
cancer, rheumatoid arthritis, and Alzheimer's disease, to name just a few. With
its ongoing commitment to new antibody technology and drug development,
MorphoSys is focused on making the healthcare products of tomorrow. MorphoSys is
listed on the Frankfurt Stock Exchange under the symbol MOR. For regular updates
about MorphoSys, visit http://www.morphosys.com.
HuCAL(®), HuCAL GOLD(®), HuCAL PLATINUM(®), CysDisplay(®), RapMAT(®), arYla(®),
Ylanthia(®) and 100 billion high potentials(®) are registered trademarks of
MorphoSys AG.
Slonomics(®) is a registered trademark of Sloning BioTechnology GmbH, a
subsidiary of MorphoSys AG.
This communication contains certain forward-looking statements concerning the
MorphoSys group of companies. The forward-looking statements contained herein
represent the judgment of MorphoSys as of the date of this release and involve
risks and uncertainties. Should actual conditions differ from the Company's
assumptions, actual results and actions may differ from those anticipated.
MorphoSys does not intend to update any of these forward-looking statements as
far as the wording of the relevant press release is concerned.
For more information, please contact:
MorphoSys AG
Dr. Claudia Gutjahr-Löser
Head of Corporate Communications & IR
Mario Brkulj
Associate Director Corporate Communications & IR
Alexandra Goller
Specialist Corporate Communications & IR
Jessica Rush
Specialist Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-404
investors(at)morphosys.com
Ad hoc Release (PDF):
http://hugin.info/130295/R/1865031/654732.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MorphoSys AG via GlobeNewswire
[HUG#1865031]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2014 - 00:00 Uhr
Sprache: Deutsch
News-ID 346304
Anzahl Zeichen: 4180
contact information:
Town:
Martinsried / Munich
Kategorie:
Business News
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