Year-end report in brief for the period 1 May 2006 - 30 April 2007 * The Group's net sales increased to TSEK 22 387 (853). * Profit/loss after taxes amounted to TSEK -9 757 (-7,307). * Earnings per share was negative. * Operating income amounted to TSEK -9 402 (-6 912). * Liquidity amounted to 274% (130%) * Equity/assets ratio 91% (92%) * Dividends per share are proposed at SEK 0. Significant events during the period The human phase I/II study for Paclical has been finalized. The results show that Paclical® gives less side-effects and can thus be given in higher doses than corresponding products available on the market today. The results of the study will be presented at the European Cancer Conference (ECCO 14) in Barcelona in September 2007. The product is now entering phase III. The results of clinical studies for Paclical® Vet, Oasmia's first product within animal health, were presented at the annual ESVONC conference in Cambridge in March 2007. The results are very strong and indicate a great potential for this product. Paclicalâ Vet is currently in clinical phase III-studies, and has received much international interest. The goal is to finalise on-going phase III studies and apply for registration within the EU in the second half of 2007. Today there is no registered chemotherapy in veterinary medicine. Oasmia has a great opportunity to be the first company in the world to register a cytostatic product for the dog. Oasmia has proceeded into the final stage of negotiations with several international pharmaceutical companies regarding licensing of Paclical® and Paclical® Vett. Confirmation of the potential of the Oasmia product portfolio received through positive study results during the period have greatly contributed to the progress of these negotiations. Furthermore, Oasima has prepared another three products for entry into clinical phase. These products are based on the same platform as Paclicalâ. All products are protected by international patents that expire 2023 and onwards. The market for these products corresponds together to 80 % of standard treatments of cancer in the world. Oasmia has strengthened its organization in all areas. The number of employees has increased by 10 during the period. The company plans further recruitment during 2007, mostly within the division of clinical research but also within R&D. The subsidiary Qdoxx Pharma has, due to delays in approval time for concerned authorities, (12-14 months), has not reach the number of MA that was in plan. Qdoxx Pharma is now developing according to plan. Oasmia has acquired 51% of the company GlucoGene Pharma AB during the period. The purpose is to further develop substances for cancer treatment discovered by GlucoGene and thereby strengthen Oasmia's oncology portfolio and the company's long-term research. GlucoGene's research and development is focused on the use of xylocides for cancer treatment. The company has projects in pre-clinical phase, using substances that has potential for treatment of brain tumours. The company's development during the period has been positive, above all regarding confirmations of the significance and potential of the product portfolio. Oasmia has carried out all preparations to change list for the company share to NGM Equity. The change is planned to the 14th of September 2007. From the 1st of May 2007, Oasmia is using IFRS-standards for accounting as a part of these preparations. Financing The company's operations have been financed with funds from the company's shareholders. Number of outstanding shares The number of shares amounts to 31,851,310. Investments During the financial year, investments were made in development of the product Paclical (TSEK 14,484) and tangible fixed assets (TSEK 4,136). (For complete report see attached file)
OASMIA: YEAR-END REPORT FOR THE PERIOD 1 MAY 2006 - 30 APRIL 2007
| Source: Oasmia Pharmaceutical AB