Biosergen publishes interim report for second quarter 2022
Wednesday, August 31, 2022: Biosergen AB (“Biosergen” or the “Company”) thereby publishes the interim report for the second quarter 2022. The interim report is available as an attached document and on the company website (www.biosergen.net)
Summary of the Interim Report for Q2 2022
|Consolidated group revenue||1.409||2.001||2.726||2.001||11.570|
|Consolidated group loss before depreciation||-7.963||-9.493||-12.981||-17.798||-34.077|
|Consolidated group loss befor net financials||-7.963||-9.493||-12.981||-8.305||-34.077|
|Consolidated net result||-7.960||-9.504||-12.975||-17.809||-34.318|
|Consolidated earnings per share (EPS)||-0,28||-0,59||-0,46||-1,10||-1,22|
Highlights during Q2 2022
- April 7, The first subject has been dosed in the phase 1 trial og BSG005
- May 13, Biosergen successfully completes first cohort of BSG005 phase 1 trial
- June 30, Biosergen successfully completes second cohort of BSG005 phase 1 trial
Highlights after the period
- August 26, Biosergen completes the third cohort of BSG005 phase 1 trial
- August 31, Biosergen receives a loan of SEK 7 million to finance continued development
The Financial report can be found on our website: https://biosergen.net/investors/filings
For further information about Biosergen, please contact:
Dr. Peder M. Andersen, CEO
Telephone: +45 2080 2470
E-mail: [email protected]
Erik Penser Bank
Telefon: +46 8 463 8000
E-mail: [email protected]
This information is such information that Biosergen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on August 31, 2022.
Biosergen is a clinical stage biotechnology company that employs all its organizational and financial resources on the clinical development of BSG005. BSG005, a polyene macrolide, is a potentially disruptive antifungal drug with blockbuster potential based on significant safety and potency advantages over competing antifungals, including Amphotericin B, and being completely free of the kidney toxicity hampering other drugs in its class. The research behind BSG005 and its unique properties has been documented in over 20 peer reviewed scientific papers. Biosergen initially aims BSG005 towards invasive fungal infections that claim the lives of hundreds of thousands of immune-compromised AIDS-, cancer- and transplant patients every year. At equal dose levels BSG005 shows a three-to-fourfold potency advantage against relevant fungal strains compared to current standards of care. The Company is also developing BSG005 Nano where the drug is packed in special nano particles to specifically target the lung, often the first affected organ in an invasive fungal infection. BSG005 Nano Oral is an extension of BSG005 Nano. An oral formulation would greatly increase the usefulness, particularly as a prophylactic and as home treatment after transplants or cancer treatment to prevent invasive fungal infection. Biosergen is granted orphan drug status for BSG005 in the United States.
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