(Información remitida por la empresa firmante)
Subsequent to the quarter end, BerGenBio announced in February the formation of a scientific advisory board to enhance the development of bemcentinib for the treatment of NSCLC patients with STK11m, consisting of four world-renowned non-small cell lung cancer experts from top oncology centers around the globe: Enriqueta Felip, M.D., Ph.D., Head of the Thoracic Cancer Unit at Vall d’Hebron University Hospital, Spain; John Heymach, M.D., Ph.D., Chair of Thoracic/Head and Neck Medical Oncology at the MD Anderson Cancer Center, Texas; Tony Mok, M.D., BMSc., Professor and Chairman of the Department of Clinical Oncology at the Chinese University of Hong Kong; and Solange Peters, M.D., Ph.D., Professor and Head of Medical Oncology and Thoracic Malignancies at the Department of Oncology at Lausanne University, Switzerland. Fourth Quarter 2022 and Full Year Financial Highlights
(Figures in brackets = same period 2021 unless otherwise stated)
Revenue amounted to NOK 0.4 million (NOK 0.8 million) for the fourth quarter and NOK 0.4 million (NOK 0.8 million) for the full year 2022
Total operating expenses for the fourth quarter were NOK 76.8 million (NOK 68.1 million) and total operating expenses for the full year 2022 amounted to 306.0 million (NOK 315.2 million)
The operating loss for the quarter came to NOK 76.4 million (NOK 67.3 million) and NOK 305.6 million (NOK 314.5 million) for the full year 2022
Cash and cash equivalents amounted to NOK 150.8 million at the end of December 2022 (NOK 436.6 million by end of December 2021). The cash position in addition to the shareholder loan facility secured from Meteva AS of up to NOK 100 million is estimated to fund planned activities through 2023 on a going concern basis.
Webcast Details
The live webcast link is available at www.bergenbio.com in the Investors/Financial Reports section. A recording will be available shortly after the webcast has finished.
Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20230216_14/
Dial–in numbers:
NO: +47-21-956342
UK: +44-203-7696819
US: +1 646-787-0157
SE: +46-4-0682-0620
DK: +45 78768490
Pin: 712491
The fourth quarter and full year report and presentation are available on the Company’s website in the Investors/Financial Reports section.
Contacts
Martin Olin CEO, BerGenBio ASA
ir@bergenbio.com
Rune Skeie, CFO, BerGenBio ASA
rune.skeie@bergenbio.com
Investor Relations / International Media Relations
Graham Morrell
graham.morrell@bergenbio.com
Media Relations Norway
Jan Lilleby
jl@lillebyfrisch.no
+47 90 55 16 98
About BerGenBio ASA
BerGenBio is a clinical-stage biopharmaceutical company focused on developing transformative drugs targeting AXL as a potential cornerstone of therapy for aggressive diseases. The Company is focused on advancing its lead candidate, bemcentinib, a potentially first-in-class, oral, selective AXL inhibitor in STK11 mutated NSCLC and severe respiratory infections including COVID-19.
BerGenBio is based in Bergen, Norway with a subsidiary in Oxford, UK. The company is listed on the Oslo Stock Exchange (ticker: BGBIO). For more information, visit?www.bergenbio.com
Forward looking statements
This announcement may contain forward-looking statements, which as such are not historical facts, but are based upon various assumptions, many of which are based, in turn, upon further assumptions. These assumptions are inherently subject to significant known and unknown risks, uncertainties, and other important factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this announcement by such forward-looking statements.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation andsubject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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