Exiqon A/S, traded at NASDAQ OMX Copenhagen (“EXQ”), today announced its full
year 2009 results.
Revenue was DKK 82.2 compared to an expected DKK 80 million, excluding
discontinued business of Oncotech, Inc., (DKK 84.8 million in 2008).
Net loss was DKK 338.8 million (DKK 116.4 million in 2008) including loss from
discontinued operations of Oncotech, Inc. compared to an expected DKK 335
million. Net loss includes a non-cash loss on divestment and impairment of
goodwill of DKK 206 million compared to an estimated DKK 205 million.
See the full announcement and the Annual Report 2009 in the attached PDFs or at
www.exiqon.com/investor.
Additional information:
Lars Kongsbak, CEO, phone +45 4566 0888 (cell: +45 4090 2101)
Hans Henrik Chrois Christensen, CFO, phone +45 4566 0888 (cell: +45 4090 2164)
About Exiqon:
Exiqon's products are based on the proprietary LNA™ technology. This technology
offers unique advantages for detection of miRNA biomarkers for life science
researchers, drug developers and cancer treating physicians working towards
personalizing medicine. Exiqon operates in two business areas: Exiqon Life
Sciences has established a position for itself as one of the market's leading
providers of miRNA research products for miRNA analysis in cells. Our research
products are used by academia, biotech and pharmaceutical companies around the
world to make groundbreaking discoveries about the correlation between gene
activity and the development of cancer and other diseases. Exiqon Life Sciences
is also collaborating with pharmaceutical companies in their effort to develop
new medicines based on miRNA as biological markers (Exiqon Pharma Services).
Exiqon Diagnostics is developing a series of new molecular diagnostic products
based on miRNA. Exiqon's goal is to gain a market-leading position for
miRNA-based diagnostics. Exiqon is listed on the NASDAQ OMX in Copenhagen. For
more information about us, please visit www.exiqon.com.
