Idogen AB Interim report January – June 2018

Interim report January 1 – June 30 2018

SECOND QUARTER (APRIL – JUNE 2018) 

  •  Other operating income amounted to KSEK 0 (0)
  •  Operating loss totalled KSEK -8,689 (-4,659)
  •  Loss for the period totalled KSEK -8,669 (-4,662)
  •  Cash flow from operating activities was KSEK -7,896 (-1,412)
  •  Loss per share before dilution was SEK -0.42 (-0.38). Loss per share after dilution was SEK -0.26 (-0.38)

PERIOD (JANUARY – JUNE 2018) 

  •  Other operating income amounted to KSEK 0 (0)
  •  Operating loss totalled KSEK -15,797 (-7,935)
  •  Loss for the period totalled KSEK -15,510 (-7,939)
  •  Cash flow from operating activities was KSEK -3,102 (-4,146)
  •  Loss per share before dilution was SEK -0.75 (-0.65). Loss per share after dilution was SEK -0.41 (-0.65) 

SIGNIFICANT EVENTS IN SECOND QUARTER 

  •  In April, Idogen announced that the company had postponed the planned start of the Phase I/IIa clinical trial of the IDO 8 project until early 2020 and initiated an expanded optimisation process. Accordingly, the planned start of the first clinical trial in the IDO T project was also postponed to the end of 2020 at the earliest.  
  •  Idogen strengthened its research organisation in the second quarter by appointing Hanne Risager Romedahl as new Chief Scientific Officer. Hanne took up her new position on 7 May and replaces Anette Sundstedt who remains with the company in the role of scientific expert.  
  •  The Annual General Meeting re-elected Agneta Edberg Chairman of the Board, and Leif G Salford, Christina Herder and Karin Hoogendoorn members of the Board.
  •  The TO2 redemption period fell during the quarter and resulted in KSEK 20.

SIGNIFICANT EVENTS DURING THE PERIOD 

  •  In January, the EU paid out the first portion of the Horizon 2020 research funding, an amount of MEUR 1.2. Additional funding of MEUR 1.7 will be paid out over the next 24 months.
  •  Idogen’s research unit was relocated from the Lund Biomedical Centre to Medicon Village in Lund.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD 

  •  In August, the Board decided to extend Idogen’s project portfolio to a third area in the field of autoimmune diseases. 
  •  No other significant events affecting the company’s earnings or financial position occurred after the end of the period.


CONDENSED EARNINGS AND CASH FLOW
 

Attached file