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Interim report July 1 to September 30, 2017

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Summary

Period (July 1 to September 30, 2017)

  • Operating revenue KSEK 0 (0)
  • Income after financial items KSEK -1,518 (-1,235)
  • Earnings per share SEK -0,10 (-0,10) Cash and cash equivalents as of September 30 KSEK 25,662 (23,468)
  • Equity ratio as of September 30 95.2% (97.7%)

Period (January 1 to September 30)

  • Operating revenue KSEK 0 (0)
  • Income after financial items KSEK -5,593 (-2,860)
  • Earnings per share SEK -0,36 (-0,22)

Significant events during the third quarter of 2017

  • No significant events.

Comments from CEO Kjell Stenberg

The company continues to work according to its previously communicated development plan. A safety study into T20K is being conducted by LPT Laboratory of Pharmacology and Toxicology GmbH & Co. KG in Germany, and studies into T20K's efficacy on Multiple Sclerosis (MS) symptoms in animal models (EAE) continue with our partners. The results of these safety and efficacy studies will be reported on completion of the trials. Work on manufacturing T20K, developing analysis methods, measuring stability, and quantifying uptake and excretion of T20K in animals continues to follow the company's plans.

Cyxone's development work on T20K has proceeded extremely positively compared to the development of new drugs at similar stages. The considerable interest in 2 warrants (TO 2), which were 98.7 per cent subscribed, gives us a fresh opportunity to firmly pursue T20K for MS treatments by continuing our development work.

As previously communicated, Cyxone is in productive talks with its network of investors ahead of planned Phase 2b trials with Rabeximod.

2 We would like to thank all shareholders for their faith in Cyxone, and we look forward to continued fruitful co-operation.

Keep up to date with our news and information about our attendance at investment meetings via First North and our homepage at: cyxone.com.

Kjell Stenberg
CEO, Cyxone AB

Upcoming financial reports and company general meetings

February 16, 2018 Year-end report

Full report is attached.

Malmö October 25, 2017 

The Board of Directors
Cyxone AB

Contact
Cyxone AB (publ.)
Kjell G. Stenberg, CEO
Tel: +46 (0) 70 716 80 09
Email: kjell.g.stenberg@cyxone.com
Adelgatan 21
211 22 Malmö
cyxone.com

This report contains such information that Cyxone AB is required to make public under the EU's Market Abuse Regulation and Securities Markets Act. This Information was submitted by CEO Kjell Stenberg for publication on October 25, 2017 at 08:50 CET. 

This report contains forward-looking statements that constitute subjective estimates and forecasts about the future. Assessments about the future are only valid on the date they are made and are, by their nature, similar to research and development work in the biotech field, associated with risk and uncertainty. In light of this, actual outcomes may differ substantially from what is described in this press release.

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