ABLYNX ANNOUNCES HALF YEAR RESULTS FOR 2010
(Thomson Reuters ONE) -
GHENT, Belgium, 25 August 2010 - Ablynx [Euronext Brussels: ABLX] announced
today its results for the six month period ending 30 June 2010, which have been
prepared in accordance with the IAS 34 'Interim Financial Reporting' as adopted
by the European Union.
H1 2010 Highlights
* ?121.3 million in cash, cash equivalents and other short term investments at
30 June 2010 (2009: ?101.8 million)
* Revenues of ?10.1 million (2009: ?11.9 million)
* Successfully completed a Secondary Public Offering (SPO), raising gross
proceeds of ?50.0 million
* Received a ?2.0 million milestone payment from Boehringer Ingelheim on
selection of the first Nanobody(®) lead candidate for the treatment of
Alzheimer's disease
* Awarded ?1.2 million in grant funding from IWT to accelerate the development
of ALX-0061, an anti-IL-6R Nanobody for inflammatory disease
* Completed the recruitment of the Phase I study for ALX-0141 (anti-RANKL)
* Selected a new pre-clinical development candidate, ALX-0651, which targets
the GPCR CXCR4, for use in patients requiring hematopoietic stem cell
mobilization
* Selected ALX-0171, an anti-RSV Nanobody, for pre-clinical development for
the treatment of respiratory syncytial virus (RSV) infections
* Reported the successful generation of functional Nanobodies against an ion
channel
* Announced new data on pulmonary to systemic delivery and needle-free
administration of Nanobodies
* Extended for another year the research collaboration which forms part of the
license agreement for anti-TNF-alpha Nanobodies with Pfizer
* Successfully opposed a half-life extension patent which had been granted to
Domantis (a member of the GSK group) resulting in this patent being revoked
in full
* Reached a settlement with reMYND concerning a collaboration agreement
dispute
* Won the European Mediscience Award for the second year in a row for 'Best
Technology'
* Increased staff to over 246 people by period end
* Moved to a new 8,000 m(2) R&D facility
For more information, please contact Ablynx:
Dr. Edwin Moses
Chairman and CEO
t: +32 (0)9 262 00 07
m: +44 (0)7771 954 193 / +32 (0)473 39 50 68
e: edwin.moses(at)ablynx.com
Eva-Lotta Allan
Chief Business Officer
t: +32 (0)9 262 00 75
m: +32 (0)475 78 36 21 / +44 (0)7990 570 900
e:eva-lotta.allan(at)ablynx.com
Wim Ottevaere
Chief Financial Officer
t: +32 (0)9 262 00 08
e:wim.ottevaere(at)ablynx.com
[HUG#1440305]
Complete version of the press release:
http://hugin.info/137912/R/1440305/384658.pdf
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Source: Ablynx via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2010 - 18:01 Uhr
Sprache: Deutsch
News-ID 40011
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Town:
Ghent
Kategorie:
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