Alligator Bioscience AB Interim Report January-September 2017

STOCKHOLM, Oct. 25, 2017 /PRNewswire/ --

Three important collaborations in place. Results in November from ADC-1013 clinical phase I study.

Significant events, July-September

-- Aptevo Therapeutics and Alligator Bioscience signed a co-development agreement on the bispecific antibody ALG.APV-527. Preclinical development and initial production activities for clinical trial materials for ALG.APV-527 commenced.

-- The immuno-oncology collaboration with Stanford University was expanded. The aim is to predict the clinical efficacy of Alligator's pipeline candidates using biomarkers.

-- A research contract was signed with Professor Ignacio Melero, MD, PhD, from the University of Navarra in Spain, for 4-1BB as a target molecule in immunotherapy and cancer therapy.

-- The results of the Alligator-led Phase I clinical trial for ADC-1013/JNJ-64457107 will be presented at the 32nd Annual Meeting of the Society for Immunotherapy of Cancer (SITC) in November.

-- Janssen's Phase I clinical trial for ADC-1013/JNJ-64457107 is ongoing with approximately 50 patients recruited to date.

Events after the end of the period

Alligator and collaboration partner Aptevo Therapeutics announced on 24 October that the tumor antigen 5T4, associated with many forms of solid tumors, is the second target for ALG.APV-527.

Financial summary

July-September

-- Net sales, SEK 1.8 million (4.7).
-- Operating loss, SEK 24.5 million (loss: 9.1).
-- Loss for the period, SEK 25.8 million (loss: 7.5).
-- Loss per share, SEK 0.36 (loss: 0.13).
-- Cash and cash equivalents incl. bonds, SEK 588 million (659).

January-September

-- Net sales, SEK 5.6 million (51.8).
-- Operating loss, SEK 73.0 million (loss: 34.0)
-- Loss for the period, SEK 76.3 million (loss: 29.0)
-- Loss per share, SEK 1.07 (loss: 0.49)
-- Cash flow for the period was a negative SEK 141.5 million (neg: 23.8), of which SEK 74.5 million was invested in corporate bonds.
-- During the period, 1,275,000 warrants (230,000) were exercised for an equivalent number of shares.

     Financial
     summary
     (Group)           2017        2016         2017          2016          2016

                                                                  Jan-Dec

                 Jul-Sep    Jul-Sep     Jan-Sep      Jan-Sep



    Net
     sales,
     TSEK             1,770       4,661        5,576        51,808        58,240



     Operating
     profit/
     loss,
     TSEK           -24,459      -9,133      -73,032       -33,952       -56,082



     Profit/
     loss
     for
     the
     period,
     TSEK           -25,772      -7,545      -76,274       -29,008       -48,356



    Cash
     flow
     for
     the
     period,
     TSEK           -25,409     -17,780     -141,479       -23,759       287,135



    Cash
     and
     cash
     equivalents
     including
     bonds,
     TSEK           587,578     346,457      513,220       346,457       659,136



    Equity
     ratio,
     %                 97%        97%         97%          97%          96%



    R&D
     costs
     as %
     of
     operating
     costs
     excluding
     impairments      69.3%      58.3%       69.5%        62.2%        64.3%



     Earnings
     per
     share
     before
     dilution,
     SEK              -0.36       -0.13        -1.07         -0.49         -0.80



     Earnings
     per
     share
     after
     dilution,
     SEK              -0.36       -0.13        -1.07         -0.49         -0.80

                                                                          31

     Average
     number
     of
     employees           43          33           40            31

The complete report is attached in the link below.

For further information, please contact:

Per Norlén
CEO
per.norlen@alligatorbioscience.com
+46-46-286-42-80

Per-Olof Schrewelius
CFO
per-olof.schrewelius@alligatorbioscience.com
+46-46-286-42-85

Rein Piir
VP IR
rein.piir@alligatorbioscience.com,
+46-46-286-42-80

Alligator Bioscience AB (publ) 556597-8201
Medicon Village, Scheelevägen 2, 223 81 Lund, Sweden.
Phone +46-46-286-42-80
www.alligatorbioscience.com

Alligator Bioscience AB (publ) is obligated to make public the information contained in this report pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This information was provided to the media, through the agency of the contact persons set out above, for publication on October 25, 2017 at 08.00 a.m. CEST.

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The following files are available for download:

    http://mb.cision.com/Main/12681/2374749/741069.pdf Alligator Bioscience AB
                                                       Interim Report January-
                                                       September 2017. The complete
                                                       report.

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SOURCE Alligator Bioscience