Year-end Report January-December 2018
February 21, 2019
SUMMARY
Financials for the quarter, October-December
- Quarterly net sales MSEK 11.1 (13.6)
- Quarterly result MSEK -22.1 (-32.1)
- Cash flow from operating activities MSEK -21.0 (-45.4)
- Result per share SEK -0.5 (-0.7)
October-December in brief
- The first patient in the global Phase III program, POLAR, for PledOx® was included in the US
- PledPharma prepares for listing on the Nasdaq Stockholm main market during 2019
- Aladote® Phase Ib/IIa study results has been accepted for a poster presentation during the “58th Annual Meeting of the Society of Toxicology” in March, 2019
- Pledpharma has submitted an Orphan Drug Designation (ODD) application to the US Food and Drug Administration (FDA) for the drug candidate Aladote®
- The Nomination Committee for the 2019 AGM was appointed and includes members from the four largest shareholders who wished to participate
- The Japanese and Asian investigator meetings for the POLAR studies were held in Tokyo and Seoul
Significant events after the reporting period
- A milestone payment of 600 MJPY (c.49 MSEK) was triggered due to the inclusion of the first patient in Japan to the global Phase III program for PledOx®
- Patients have been included in the POLAR-program in Europe
- The PledOx® phase III program design was presented at the Gastrointestinal (GI) Cancers Symposium, in San Francisco.
- Results from Aladote®’s study has been selected for oral presentation at The International Liver Congress, April 2019
- PledPharma invites investors, financial analysts and media to a Capital Markets Day on March 26, 2019.
Financials for the period, January-December
- Net sales for the period MSEK 28.2 (13.9)
- Loss for the period MSEK -85.0 (-87.9)
- Cash position MSEK 229.2 (309.5)
- Cash flow from operating activities MSEK -81.0 (-86.6)
- Result per share SEK -1.7 (-1.8)
January-December in brief
PledOx®
- A delayed delivery of the study drug for the PledOx® phase III program was announced in February, which was remediated and subsequently delivered in September
- PledOx® shows favorable safety and tolerability profile in the SUNCIST Phase I study in Japanese and Caucasian healthy volunteers
- The European Medicines Agency (EMA) approved PledPharma’s waiver application for the paediatric investigation plan (PIP) regarding PledOx®
- PledOx® and Aladote® receives an European approval of the composition of matter patent
- The Japanese Medical Agency (PMDA) supports the expansion of the Phase III program for PledOx® to include Japanese patients
Aladote®
- Aladote’s® proof of principle study has been completed with positive results announced in September
- Multiple scientific presentations of Aladote’s® clinical results have been submitted and accepted
- The Scientific Advisory Board for Aladote® was appointed and held its first meeting with focus on the design of the next study
PDF – Year-end Report January-December 2018
For further information, please contact:
Nicklas Westerholm, CEO
Tel. +46-(0)73 354 20 62
[email protected]
Yilmaz Mahshid, CFO
Tel. +46-(0)72 231 68 00
[email protected]