Stockholm, 2012-04-27 08:59 CEST (GLOBE NEWSWIRE) --
- Net profit amounted to SEK -9.277k (-2.847k)
- Cash flow from operating activities amounted to SEK – 8.852k (-3.461k)
- Cash and cash equivalents March 31 was SEK 81.646k (2.334k)
- Net profit per share amounted to SEK -0,5 (-0,2)
- Positive and supportive meetings with the American and Swedish authorities regarding the design of the PledOx® study.
- The two 3-month preclinical safety studies of PledOx completed. Final analysis of the results is in progress
- PledPharma was awarded SEK 500,000 in supportive financing from VINNOVAs Research Program ”Forska och Väx”
- The AGM decided to reelect the Board and to establish a option program for employees
CEO comments
We have in the first quarter focused on preparations for the start of our important and prioritized clinical PledOx® Phase IIb trial in colorectal cancer patients. These preparations are progressing according to plan and the interactions with the U.S. and European authorities have been positive. Moreover, the costs are according to budget. We continue to expect the PledOx study to start during mid 2012, says CEO Jacques Näsström
For further information contact:
Erik Kinnman, VP Investor Relations, cell + 46 73 422 15 40
Michaela Johansson, CFO, cell +46 709 26 17 75
Jacques Näsström, CEO cell +46 73 713 09
About PledPharma
PledPharma is a Swedish specialty pharma company, which develops new treatments of life threatening diseases. We are focused on developing a medicine that reduces the serious side effects, which develop in connection with chemotherapy treatment, and on evaluate an existing drugs ability to limit the damages on the heart that occurs when acute myocardial infarction is treated with coronary angioplasty. Our projects meets significant medical needs and we have the opportunity to offer patients valuable supportive treatments at serious and common life-threatening diseases. This means that we also have the potential of offering our shareholders strong returns on investment.PledPharma (STO:PLED) is listed on NASDAQ OMX First North. Erik Penser Bankaktiebolag is the Certified Adviser. For more information, please visit www.pledpharma.se
