Brief: Transgene Q3 Operating Income Down At 3.8 Million Euros

Transgene SA

14/11/2019 17:18

Nov 14 (Reuters) - TRANSGENE SA  TRNG.PA :
    * TRANSGENE PROVIDES Q3 2019 BUSINESS UPDATE, WITH FOCUS ON
RECENTLY ANNOUNCED EFFICACY RESULTS OF TG4001
    * EUR 54 MILLION IN CASH AND CASH EQUIVALENTS AS OF
SEPTEMBER 30,
2019
    * Q3 OPERATING INCOME EUR 3.8 MILLION VERSUS EUR 37.5
MILLION YEAR
AGO
    * TRANSGENE CONFIRMS THAT IT EXPECTS TO HAVE A NET CASH BURN
TARGET OF APPROXIMATELY EUR 20 MILLION FOR 2019
    * FOLLOWING RIGHTS ISSUE WHICH COMPLETED IN JULY 2019,
TRANSGENE
HAS EXTENDED ITS FINANCIAL VISIBILITY UNTIL 2022

Source text for Eikon:  ID:nBw7BKVKha 
Further company coverage:  TRNG.PA 

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