Jerini AG Reports Financial Results for the First Nine Months of 2009
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Berlin, November 13, 2009 - Jerini AG (FSE:JI4) reported financialresults according to International Financial Reporting Standards(IFRS) for the first nine months ended September 30, 2009.Total revenues for this period increased to EUR 6.1 million (comparedto EUR 3.4 million in the prior-year period). Revenues from productsales of Firazyr® amounted to EUR 2.7 million (prior-year period: EUR0.1 million). Revenues from collaboration agreements increased toEUR 3.4 million (prior-year period: EUR 3.3 million). Cash andcash-equivalents, excluding restricted cash in the amount of EUR 0.3million, amounted to EUR 3.7 million (prior-year period: EUR 19.1million).Research and development expenses increased in the first nine monthsof 2009 to EUR 20.8 million (prior-year period: EUR 13.6 million).General and administrative expenses decreased to EUR 8.4 million(prior year period: EUR 13.6 million). Sales and distribution costsincreased to EUR 12.2 million (prior-year period: EUR 7.4 million).Loss from operations before tax and finance costs (EBIT) increased toEUR 35.0 million (prior-year period: EUR 31.0 million). Net loss fromcontinuing operations for the nine-month period ended September 30,2009 amounted to EUR 29.6 million (prior-year period: EUR 29.8million). Loss per share from continuing operations for this periodamounted to EUR 0.50 (prior-year period: EUR 0.55).Net cash burn for the first nine months of 2009 amounted to EUR 22.8million (prior-year period: EUR 41.3 million). Net cash burn iscalculated by the addition of cash used in operating activities(EUR 28.0 million) and cash provided by investing activities (EUR 5.2million), as disclosed in the unaudited consolidated cash-flowstatements for the nine-month period ended September 30, 2009.OutlookShire Deutschland Investments GmbH currently holds more than 98percent of Jerini's outstanding shares. Upon registration in thecommercial register of the squeeze-out resolution adopted at Jerini'sShareholders' Meeting on June 16, 2009, Shire Deutschland InvestmentsGmbH will hold 100 percent of Jerini's outstanding shares. Ascompensation, minority shareholders will receive cash compensation ofEUR 7.53 per share from Shire Deutschland Investments GmbH. After thecompletion of the squeeze-out, Jerini plans to review the options forintegration into the Shire Group of Companies.About Jerini AGJerini is a pharmaceutical company based in Berlin, Germany. On July3, 2008, Jerini and Shire plc's German wholly-owned indirectsubsidiary Shire Deutschland Investments GmbH entered into a businesscombination agreement regarding a strategic partnership. Jerini isnow a subsidiary of Shire plc and a member of the Shire group ofcompanies. Shire currently holds more than 98 percent of Jerini'sshares.ISIN: DE0006787476For questions, please contact:Investor RelationsJerini AGInvalidenstr. 13010115 BerlinT + 49 - 30 - 97893 - 0X + 49 - 30 - 97893 - 599investor-relations(at)jerini.comhttp://hugin.info/135931/R/1355061/328761.pdf --- End of Message ---Jerini AGInvalidenstrasse 130 Berlin GermanyWKN: 678747; ISIN: DE0006787476; Index: CDAX, TECH All Share, General Standard Index (Kursindex);Listed: Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Düsseldorf, Regulierter Markt in Frankfurter Wertpapierbörse, General Standard in Frankfurter Wertpapierbörse;
Datum: 13.11.2009 - 19:21 Uhr
Sprache: Deutsch
News-ID 8398
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 206 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Jerini AG Reports Financial Results for the First Nine Months of 2009"
steht unter der journalistisch-redaktionellen Verantwortung von
Jerini AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
