Feb 14, 2019   SOURCE: PR NewsWire

Alligator Bioscience AB Year-end Report 2018

STOCKHOLM, Feb. 14, 2019 /PRNewswire/ --

Significant events October-December

    --  The Swedish MPA (Medical Products Agency) approved start of Phase I
        clinical trial of ATOR-1015.
    --  New preclinical data for ATOR-1017 and ALG.APV-527 presented at the
        Annual Meeting of the Society for Immunotherapy of Cancer (SITC).
    --  The company expanded its pipeline and initiated preclinical development
        of the ATOR-1144 drug candidate.
    --  Research funding granted from Vinnova.
    --  Alligator Bioscience recorded a revenue of approximately USD 3 million
        related to a collaboration with AbClon Inc.

Events after the end of the period

    --  Alligator Bioscience launched RUBY(TM), a novel concept in bispecific
        antibody formats
    --  Clinical Phase I data for ADC-1013 published in the International
        Journal of Cancer.
    --  Since the ADC-1013 Phase I study is not yet fully completed, the next
        revenue, the first phase II milestone payment, is expected to move into
        2020.
    --  ATOR-1015 phase I clinical study commenced enrollment of patients.

Financial summary

October-December

    --  Net sales, SEK 25.6 million (51.3).
    --  Operating result, SEK -30.1 million (10.7).
    --  Result for the period, SEK -30.6 million (12.5).
    --  Result per share, SEK -0.43 (0.18).
    --  Cash and cash equivalents, incl. interest-bearing securities, SEK 436.4
        million (547.0).
    --  Cash flow for the period, SEK -41.8 million (-41.7).

January-December

    --  Net sales, SEK 27.0 million (56.9).
    --  Operating result, SEK -153.1 million (-62.3).
    --  Result for the period, SEK -150.0 million (-63.8).
    --  Result per share, SEK -2.10 (-0.89).
    --  Cash flow for the period, SEK -111.8 million (-183.2).

Financial summary (Group)


                                2018     2017          2018           2017


                             Oct-Dec Oct-Dec  
     
     Jan-Dec   
     
     Jan-Dec


             Net sales, TSEK
              (SEK thousand)  25,594   51,299        26,959         56,875


             Operating
              profit/loss    -30,060   10,733      -153,080        -62,299


             Profit/loss
              for the
              period, TSEK   -30,589   12,516      -150,043        -63,758


             Cash flow for
              the period,
              TSEK           -41,780  -41,694      -111,770       -183,173


             Cash, cash
              equivalents
              and bonds,
              TSEK           436,391  547,041       436,391        547,041


    Equity ratio, %            92%     96%          92%           96%


             R&D costs as %
              of operating
              costs
              excluding
              impairments      78.6%   80.5%        76.8%         73.3%


             Earnings per
              share before
              dilution, SEK    -0.43     0.18         -2.10          -0.89


             Earnings per
              share after
              dilution, SEK    -0.43     0.18         -2.10          -0.89


             Average number
              of employees        54       46            51             42

Read the complete report in the pdf below.

Conference call

All interested parties are invited to participate in a telephone conference, which will include a presentation of the Year-end Report. The event will be hosted by CEO Per Norlén and the presentation will be held in English.

When: 09:00 a.m. CET Thursday 14 February 2019

Listen to the presentation: https://financialhearings.com/event/11461

To participate in the telephone conference, please use the dial in details shown below:

SE: +46856642692

UK: +443333009266

US: +18338230590

The conference call will be made available on the company's website after the call: http://www.alligatorbioscience.com.

For further information, please contact:

Per Norlén, CEO
per.norlen@alligatorbioscience.com
+46-46-540-82-00

Per-Olof Schrewelius, CFO
per-olof.schrewelius@alligatorbioscience.com
+46-46-540-82-03

Cecilia Hofvander, Director IR & Communications
cecilia.hofvander@alligatorbioscience.com
+46-46-540-82-06

Alligator Bioscience AB (publ) 556597-8201
Medicon Village, Scheelevägen 2, 223 81 Lund, Sweden
Phone +46-46-540-82-00 www.alligatorbioscience.com

This information is such information as Alligator Bioscience AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 a.m. CET on February 14, 2019.

About Alligator Bioscience

Alligator Bioscience AB is a clinical-stage biotechnology company developing tumor-directed immuno-oncology antibody drugs. Alligator's growing pipeline includes five lead clinical and preclinical drug candidates: ADC-1013, ATOR-1015, ATOR-1017, ALG.APV-527 and ATOR-1144. Alligator's shares are listed on Nasdaq Stockholm (ATORX). The Company is headquartered in Lund, Sweden, and has 50+ employees. For more information, please visit http://www.alligatorbioscience.com.

ADC-1013 (JNJ-7107) is licensed to Janssen Biotech, Inc. for global development and commercialization.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/alligator-bioscience/r/alligator-bioscience-ab-year-end-report-2018,c2740487

The following files are available for download:



     
     https://mb.cision.com/Main/12681/2740487/990615.pdf Alligator Bioscience AB Year-
                                                             end Report 2018

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SOURCE Alligator Bioscience