Active Biotech AB Interim report January - March 2015

(Thomson Reuters ONE) -



Laquinimod
* The pivotal CONCERTO clinical study is continuing according to plan and
results are expected in 2016
* Teva is holding a number of presentations of laquinimod at the AAN Annual
Meeting on April 18-25

Tasquinimod
* Results from the Phase III study 10TASQ10 showed that treatment with
tasquinimod reduced the risk of radiographic cancer progression or death
compared to placebo (rPFS, HR=0.69, CI 95%: 0.60 - 0.80) in patients with
metastatic castration resistant prostate cancer (mCRPC) who have not
received chemotherapy, but did not extend overall survival (OS, HR=1.09, CI
95%: 0.94 - 1.28)
* Further development of tasquinimod for the treatment of prostate cancer has
been discontinued. The collaboration agreement with Ipsen will accordingly
cease.


ISI
* The project is currently focusing on building up a patent portfolio


Financial summary

MSEK   Jan. - Mar.   Jan. - Dec.

  2015 2014   2014
-------------------------------------------------------
Net sales 2.9 2.1   10.4



Operating loss -57.4 -59.2   -228.5

Loss for the period -58.0 -60.2   -231.5

Loss per share (SEK) -0.64 -0.80   -3.02

Cash and cash equivalents  270.5 298.5   328.5



 For further information, please contact:

  Tomas Leanderson, President and CEO Active Biotech AB
  Tel: +46 (0)46 19 20 95 (Corp. Reg. No. 556223-9227)
  Box 724, SE-220 07 Lund
  Hans Kolam, CFO Tel: +46 (0)46 19 20 00
  Tel: +46 (0)46 19 20 44 Fax: +46 (0)46 19 11 00

  The report is also available at
www.activebiotech.com


Active Biotech AB Interim report January - March 2015:
http://hugin.info/1002/R/1913651/683571.pdf



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originality of the information contained therein.

Source: Active Biotech via GlobeNewswire
[HUG#1913651]

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Datum: 23.04.2015 - 08:31 Uhr
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News-ID 387968
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