"Our study shows a superior profile with the combination of fostrox and Lenvima in advanced liver cancer"
STOCKHOLM, Aug. 22, 2024 /PRNewswire/ --
April – June Financial summary for the quarter
Net turnover amounted to SEK 1.1 (2.0) million.
The loss before interest, tax, depreciation and amortization (EBITDA) amounted to SEK -36.7 (-26.3) million. Basic and diluted earnings per share amounted to SEK -0.32 (-0.47).
Cash flow from operating activities amounted to SEK -26.3 (-17.9) million.
Cash and cash equivalents at the end of the period amounted to SEK 126.7 (82.8) million.
Significant events during the quarter
In April it was announced that Medivir's partner Vetbiolix, a veterinary biotechnology company based in France, reported positive results from a proof-of-concept clinical trial in canine periodontitis with its drug candidate VBX-1000, formerly known as MIV-701.
In April it was announced that Medivir completed a so-called Type C meeting with the FDA and that the company's preparations for the planned phase 2b study in the fostrox program are progressing according to plan, with a few adjustments in study design that have limited impact on timeline and study size.
In April, MIV-711 was granted Rare Pediatric Disease Designation (RPDD) as well as Orphan Drug Designation (ODD) from the FDA for the treatment of Legg-Calvé-Perthes Disease (LCPD), an unusual hip disease that affects children between the ages 2 and 12.
The AGM in May re-elected board members Uli Hacksell, Lennart Hansson, Bengt Westermark and Yilmaz Mahshid, and elected Angelica Loskog and Anna Törner as new board members. Uli Hacksell was re-elected as Chairman of the Board.
In June it was announced that Medivir has selected a global CRO partner for the planned phase 2b study evaluating fostrox+ Lenvima® compared to Lenvima alone in second-line liver cancer/hepatocellular cancer (HCC).
On June 26 new positive data showing further improved effect with longer time to progression in Medivir's ongoing phase 1b/2a trial of fostrox + Lenvima in advanced HCC, were presented at the ESMO GI Cancer Congress in Munich.
January – JuneFinancial summary for the period
Net turnover amounted to SEK 1.6 (2.4) million.
The loss ...
