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Zelluna ASA — Earnings Release 2021
Aug 20, 2021
3779_rns_2021-08-20_7e5b2cbd-5e4a-491e-9c05-883c2bf63c6d.html
Earnings Release
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Ultimovacs ASA: Second quarter 2021 result presentation
Ultimovacs ASA: Second quarter 2021 result presentation
Oslo, 20 August 2021: Ultimovacs ASA ("Ultimovacs") (OSE ULTI), a clinical stage
leader in immune stimulatory vaccines for cancer, announces its second quarter
2021 results today. A presentation by the Company's management team will take
place today on a webcast at 09:00 CEST.
The presentation can be followed as a live webcast (access through the link
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210820_5 ) which will
also be available on our website.
Highlights for the second quarter of 2021:
* Data from cohort 1 in the Phase I clinical trial of UV1 combined with
pembrolizumab were presented in June at the American Society of Clinical
Oncology (ASCO) 2021 Annual Meeting. The primary endpoint of safety and
tolerability was achieved with strong initial signs of clinical response.
* Results from the 10 patients in cohort 2 of the same trial released on 12
August also showed strong safety and efficacy data after one year (60%
objective response, 30% complete response, 90% overall survival and median
progression-free survival not reached), reinforcing the cohort 1 data
presented at ASCO.
* INITIUM trial: 68 patients enrolled to date compared to 40 patients in the
previous quarterly report.
* NIPU trial: 38 patients enrolled to date compared to 29 patients in the
previous quarterly report.
* FOCUS trial: The first patient was enrolled on 4 August 2021.
* DOVACC trial: Regulatory approval is in place and the first patient is
expected to be enrolled during Q3 2021.
* TENDU trial: Enrollment of the first cohort of three patients treated with a
40 ?g dose was completed. In June 2021, having found no safety concerns in
the first cohort, the Drug Safety Monitoring Board allowed the dose to be
increased to 400 ?g for the next patient in cohort 2.
* COVID-19: The effect of the pandemic on the biotech industry and the general
ability to conduct clinical trials is still uncertain and dependent on the
speed of return to a more normal situation. The Company continues to monitor
the situation and to implement activities to minimize the impact on patient
recruitment.
* Total operating expenses amounted to MNOK 39.2 in Q2-21, and MNOK 70.4 YTD.
* Cash flow from operations was MNOK -29.8 in Q2-21, and MNOK -59.2 YTD. Total
cash and cash equivalents were reduced by MNOK 29.7 during Q2-21 and
amounted to MNOK 381.8 as per 30 June 2021.
The report and presentation are also available on the Company website:
www.ultimovacs.com/investors/reports-and-presentations
(http://www.ultimovacs.com/investors/reports-and-presentations)
For further information, please visit www.ultimovacs.com or contact:
Carlos de Sousa, CEO
Email: [email protected] (mailto:[email protected])
Phone: +47 908 92507
Hans Vassgård Eid, CFO
Email: [email protected] (mailto:[email protected])
Phone: +47 482 48632
Mary-Ann Chang, LifeSci Advisors
Email: [email protected] (mailto:[email protected])
Phone: +44 7483 284 853
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 in the Norwegian Securities Trading Act.
This stock exchange announcement was published by Hans Vassgård Eid, CFO at
Ultimovacs ASA, on 20 August, 2021 at 08:00 CET.