Brief: Transgene Q1 Operating Revenue Up At 3.0 Million Euros

Transgene SA

06/05/2020 16:58

May 6 (Reuters) - TRANSGENE SA  TRNG.PA :
    * REPORTS Q1 2020 FINANCIAL POSITION AND BUSINESS UPDATE
    * IN Q1 OF 2020, TRANSGENE'S CASH BURN WAS EUR 8.0 MILLION,
COMPARED TO EUR 7.8 MILLION FOR SAME PERIOD IN 2019
    * MINOR IMPACT FROM THE COVID-19 PANDEMIC SEEN TO-DATE
    * EXPECTS ITS CASH BURN FOR 2020 TO BE AROUND EUR 25
MILLION,
BASED ON ITS CURRENT DEVELOPMENT PLAN
    * Q1 OPERATING REVENUE EUR 3.0 MILLION VERSUS EUR 2.0
MILLION YEAR
AGO
    * EXPECTS LABS TO BE OPERATING AT CLOSE TO NORMAL LEVELS
STARTING
NEXT WEEK

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Further company coverage:  TRNG.PA 

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