Message from the CEO
IBTs operations will during the current year be focused on completion of the ongoing Phase ll study and planning of the following clinical Phase lll study of IBP-9414. As previously stated, a Phase lll study will require additional capital. IBT is actively working with several potential financing possibilities and is seeking partners who can contribute resources for the continuing development program. We expect to gain improved understanding how agencies and experts view our new project IBP-1016, we also expect to receive our Phase II results of IBP-9414 (NCT02472769), and plan to apply for the main marketplace, Nasdaq Stockholm.
|SEK 000's|| 2017
|Total comprehensive income||117||–||162|
|Operating profit/loss||-8 563||-5 103||-38 090|
|Result after tax||-8 563||-5 165||-38 106|
|Total assets||100 925||55 593||110 109|
|Cash flow for the period||-9 113||-6 782||49 375|
|Cash||84 673||37 629||93 786|
|Earnings per share, weighted average, before and after dilution (SEK)||-1,56||-2,82||-8,42|
|Equity per share (SEK)||17,56||26,73||19,12|
|Equity ratio (%)||96%||91%||96%|
Significant events during the first quarter 2017
Significant events after the reporting period
Infant Bacterial Therapeutics AB (publ) Interim Report is now available on the companies website www.ibtherapeutics.com.
About Infant Bacterial Therapeutics AB
Infant Bacterial Therapeutics AB (publ) ("IBT") is a pharmaceutical company with a vision to develop drugs influencing the human infant microbiome, and thereby prevent or treat rare diseases affecting premature infants. Using its extensive experience in live bacterial therapeutics and its well-developed knowledge of the action of Lactobacillus reuteri, IBT is developing its lead drug candidate IBP-9414, to prevent necrotizing enterocolitis ("NEC"), a fatal, rare disease that afflicts premature infants. The FDA and the European Commission have granted IBT Orphan Drug Designation, and the FDA have granted Rare Pediatric Disease Designation for IBP-9414 for the prevention of NEC.
IBT is further pursuing a second rare disease programme IBP-1016 for the treatment of an unmet medical need in gastroschisis, a severe disease in infants. By developing these drugs, IBT has the potential to fulfil unmet needs for diseases where there are currently no prevention or treatment therapies available.
IBT is listed on Nasdaq First North Premier with Erik Penser Bank as Certified Adviser.
For additional information please contact
Staffan Strömberg, CEO
Infant Bacterial Therapeutics AB
111 21 Stockholm
Phone: +46 8 410 145 55
This information is information that Infant Bacterial Therapeutics AB is obliged to make public pursuant to the EU Market Abuse Regulation and which is to be made public according to the Nasdaq regulations for companies listed on Nasdaq First North. The information was submitted for publication, through the agency of the contact person set out above, at 12.00 CET on May 4, 2017.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Infant Bacterial Therapeutics AB via Globenewswire