Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Interim Report Second Quarter April 1 – June 30 2023 Kancera AB (publ.), org.no. 556806-8851

Novakand Pharma
Download the release

The period in brief – financial summary for the second quarter

  • Net sales amounted to SEK 0 million (SEK 0).
  • R&D expenses amounted to SEK 16.5 million (SEK 14.7 million).
  • Operating income for the second quarter amounted to SEK -18.3 million (SEK -15.4 million). Income after financial items for the second quarter amounted to SEK -18.2 million (SEK -15.6 million).
  • Earnings per share, before and after dilution, for the second quarter amounted to SEK -0.22 (SEK-0.28).
  • Cash flow from operating activities for the second quarter amounted to SEK -14.8 million (SEK -14.4 million).
  • As of June 30, equity amounted to SEK 76.9 million (SEK 95.0 million) or SEK 0.94 (SEK 1.69) per share.
  • The equity/assets ratio on June 30 2023 was 84 percent (87 percent).
  • Cash and cash equivalents on June 30 2023 amounted to SEK 67.0 million (SEK 82.3 million).

Significant events during the second quarter

  • Kancera reported that the company has submitted the regulatory application to conduct a First-In- Human study of its fractalkine blocker KAND145.
  • Kancera reported that patient screening to the KANDOVA-study, a combined phase Ib/IIa study of the fractalkine blocker KAND567 in ovarian cancer patients, has been started.
  • Kancera reported the outcome of the exercise period for warrants of series TO6: approx.. 25 percent of outstanding warrants were utilized adding approximately SEK 5.9 million (before transaction costs) in cash to Kancera.
  • Kancera reported that Peter Selin is appointed as new Chief Executive Officer as of July 1 2023.
  • Kancera reported that the first patient in the KANDOVA study has been dosed with KAND567.

Important events after the end of the period

  • USPTO has granted a product patent for KAND567, manufactured according to Kancera’s patented manufacturing process, that enables Kancera to apply for data exclusivity and market protection for up to 7.5 year for the first indication approved in the United States.


About Kancera AB (publ)
Kancera is developing a new class of drugs for treatment of cancer and severe inflammatory diseases, that today are lacking effective treatments. Kancera’s main focus is to develop small molecule drug candidates based on the fractalkine axis. The fractalkine axis is a natural master regulator that with precision controls immune cells and cancer cells. The stock is traded on the Nasdaq First North Premier Growth Market. FNCA Sweden AB is the company's Certified Adviser.

For further information:
Peter Selin
CEO, Kancera AB
Phone: +46 (0)8-5012 60 80

Visit Kancera’s web page: https://www.kancera.com/en

This information is information that Kancera is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-18 08:30 CEST.

This information is information that Kancera is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-18 08:30 CEST.

Attachments


Kancera 2023 Q2 Interim Report

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.