VANCOUVER, BC--(Marketwired - May 30, 2017) - Aequus Pharmaceuticals Inc. (
Q1 2017 Key Highlights
Corporate Finance
Commercial Activities
"We are pleased with the first year of progress of our commercial activities and the execution of our overall strategy to date," said Ian Ball, Chief Commercial Officer at Aequus. "In the currently reported quarter and on a cash flow basis, our commercial revenues have covered the costs associated with our commercial infrastructure. We expect to add additional commercial products in 2017 that will leverage our existing salesforce giving us further confidence in our continued growth."
Development Program Activities
"Our entrance into the medical cannabis space is based on our ability to leverage our internal expertise in drug delivery to address the concerns identified by physicians," said Doug Janzen, Chairman and CEO of Aequus. "We are confident that we can bring new revenue generating prescription products to Canada, advance novel cannabinoid formulations, add partnerships in the neurology and ophthalmology areas, and bring new drug delivery platforms to market in 2017."
Other
Additionally, the Company issued Camargo Pharmaceutical Services, LLC 158,437 common shares on May 29, 2017 in connection with a service agreement to provide regulatory consulting services for the Company's product development programs in the United States.
ABOUT AEQUUS PHARMACEUTICALS INC.
Aequus Pharmaceuticals Inc. (
FORWARD-LOOKING STATEMENT DISCLAIMER
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential" and similar expressions. Forward- looking statements are necessarily based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Forward-looking statements include but are not limited to statements relating to: the implementation of our business model and strategic plans; the Company's expected revenues; the timing of public listings; the advancement of the Company's transdermal pyridoxine/doxylamine program into a Proof of Concept clinical study; the Company's potential regional partnerships for its internal programs; the timing of public reimbursement decisions for Vistitan™; the regulatory requirements for the its transdermal aripiprazole program; and the Company's expectations regarding the tech transfer to its development partner with respect to the Company's transdermal patch for clobazam and doxylamine/pyridoxine transdermal patch. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Aequus, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining positive results of clinical trials; obtaining regulatory approvals; general business and economic conditions; the Company's ability to successfully outlicense or sell its current products and in-license and develop new products; the assumption that the Company's current good relationships with its manufacturer and other third parties will be maintained; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and technology offered by the Company's competitors; and the Company's ability to protect patents and proprietary rights. In evaluating forward looking statements, current and prospective shareholders should specifically consider various factors set out herein and under the heading "Risk Factors" in the Company's Annual Information Form dated April 29, 2016, a copy of which is available on Aequus' profile on the SEDAR website at www.sedar.com, and as otherwise disclosed from time to time on Aequus' SEDAR profile. Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward looking statements.
Vistitan™: Trademark owned or used under license by Sandoz Canada Inc.
Contact Information:
CONTACT INFORMATION
Aequus Investor Relations
Email: investors@aequuspharma.ca
Phone: 604-336-7906