Oncopeptides AB Interim report January – March 2018

Stockholm — May 17, 2018 — Oncopeptides AB (Nasdaq Stockholm; ONCO) today announced the first quarter 2018 report.

“Important milestones have been achieved in the first quarter”

Summary of Q1

Financial overview January 1 – March 31 2018

  • Net sales amounted to 0.0 (0.0) MSEK
  • Loss for the period was 62.0 (loss: 62.1) MSEK
  • Loss per share, before and after dilution, was 1.56 (loss: 1.89) SEK
  • On March 31st cash and cash equivalents amounted to 664.9 (611.6) MSEK

Significant events during the period January 1 – March 31 2018

  • In March, the company strengthened its management team with the appointment of Dr Christian Jacques as EVP Clinical Strategy and Chief Scientific Officer
  • Ygalo® was granted additional patent protection in Japan in March, providing protection up until 2033
  • Oncopeptides completed a directed share issue of approximately 314 MSEK before issue costs (USD 38M) in March

Significant events after the end of the reporting period

  • First patient started treatment in the Phase I/II ANCHOR study with Ygalo®
  • In April, the company appointed a Clinical Advisory Board consisting of internationally recognized researchers within the field of clinical development of hematology

Financial overview of the group

SEK thousand 2018
Jan – Mar
2017
Jan – Mar
2017
Jan – Dec
Net sales
Operating loss -68,451 -62,083 -247,620
Loss before tax -62,032 -62,083 -247,620
Loss for the period -62,032 -62,083 -247,620
Earnings per share before and after dilution (SEK) -1.56 -1.89 -6.44
Cash flow from operating activities -40,547 -67,637 -271,497
Cash and cash equivalents at the end
of the period
664,944 611,599 404,050
Research & development costs/operating expenses % 82% 76% 80%

Financial calendar

Annual General Meeting May 17, at 3.00 p.m. CET, Tändstickspalatset, Västra Trädgårdsgatan 15, Stockholm, Sweden
Interim report Q2 July 13, 2018
Interim report Q3 October 26, 2018
Year-end report 2018 February 22, 2019

For further information

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

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

About Oncopeptides

Oncopeptides is a research and development stage pharmaceutical company developing drugs for the treatment of cancer. The company focus on the development of the lead product candidate Ygalo®, an innovative, Peptidase Enhanced Cytotoxic (PEnCs). Ygalo® is intended as an effective treatment of hematological cancers, and in particular multiple myeloma. The current clinical study program is intended 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.

For more information visit www.oncopeptides.se.

This information 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 person set out above, at 08.00 CET on May 17, 2018.