Brief: Oncopeptides Announces Year-End Cash 2021

Oncopeptides AB

05/01/2022 07:02

Jan 5 (Reuters) - Oncopeptides AB  ONCO.ST :
    * ONCOPEPTIDES ANNOUNCES YEAR-END CASH 2021
    * CASH POSITION AT YEAR-END 2021 WAS APPROXIMATELY SEK 360
M.
    * FORMAL REPORTING OF CASH POSITION WILL BE PART OF YEAR-END
REPORT 2021, TO BE RELEASED ON FEBRUARY 17
    * AVERAGE MONTHLY BURN RATE DURING MARCH-OCTOBER 2021 OF SEK
130 M
HAS BEEN REDUCED TO BASE OPERATIONAL BURN RATE 2022 OF SEK 12-15
M
    * CASH FLOW IN 2022 WILL BE IMPACTED BY SOME REMAINING COSTS
FOR
DISCONTINUATION OF CLINICAL STUDIES
    * COSTS WILL PRIMARILY IMPACT H1 2022

Source text for Eikon:  ID:nWkrlW1dc 
Further company coverage:  ONCO.ST 

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