Interim Report July – September 2018

“Broad based progress”

Summary of Q3

Financial overview July 1 – September 30 2018

  • Net sales amounted to SEK 0.0 M (0.0)
  • Loss for the period was SEK 103.0 M (loss: 51.6)
  • Loss per share, before and after dilution, was 2.34 (loss: 1.30) SEK
  • On September 30 cash and cash equivalents amounted to SEK 488.9 M (443.0)

Significant events during the period July 1 to September 30 2018

  • During September, the first patient-initiated treatment in Oncopeptides’ Phase II-study BRIDGE with Ygalo® in RRMM patients with renal impairment
  • Anders Martin-Löf appointed as new Chief Financial Officer and commences his position in November
  • Oncopeptides’ first Capital Markets Day to be held in New York on December 14th

Financial overview of the group

SEK thousand  2018
 Jul-Sep 
2017
Jul-Sep 
2018
Jan-Sep 
2017
Jan-Sep 
2017
Jan-Dec 
Net sales
Operating loss  -102,982  -51,573  -308,088  -180,916  -247,620
Loss before tax -102,982 -51,573 -308,088 -180,916 -247,620
Loss for the period -102,982 -51,573 -308,088 -180,916 -247,620
Earnings per share before and after dilution (SEK) -2.34 -1.30 -7.24 -4.78 -6.44
Cash flow from operating activities -93,506 -86,158 -224,872 -225,818 -271,497
Cash and cash equivalents at the end
of the period
488,869 442,964 488,869 442,964 404,050
Research & development costs/ operating expenses % 75% 94% 75% 80% 80%
Financial calendar
Year-end report 2018: February 22, 2019
Interim report Q1: May 21, 2019
Interim report Q2: July 12, 2019
Interim report Q3: November 19, 2019

For further information, please contact:

Jakob Lindberg, CEO, Oncopeptides
E-mail: jakob.lindberg@oncopeptides.se
Telephone: +46 (0)8 615 20 40

Rein Piir, Head of Investor Relations at Oncopeptides
E-mail: rein.piir@oncopeptides.se
Cell phone: +46 (0)70 853 72 92

About Oncopeptides

Oncopeptides is a pharmaceutical company developing drugs for the treatment of cancer. The company is focusing on the development of the lead product candidate Ygalo®, an alkylating peptide, belonging to a new class of drugs (Peptidase Enhanced Compounds – PEnCs). Ygalo® is intended as an effective treatment of hematological cancers, and in particular multiple myeloma. The goal with the current clinical study program is to demonstrate better results from treatment with Ygalo® compared with established alternative drugs for patients with late-stage multiple myeloma. Ygalo® will potentially provide physicians with a new treatment option for patients suffering from this serious disease.

The information in the press release is information that Oncopeptides is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons above, on October 26, 2018, at 08.00 (CET).

Visit www.oncopeptides.se for more information.