The information in the press release is intended for investors.
First quarter, January–March 2024
- Net revenue amounted to kSEK 0 (721) and other revenue to kSEK 0 (0)
- The result for the period amounted to kSEK -8,482 (-14,391)
- Earnings per share amounted to
SEK -0.05 (-0.09) - Cash and cash equivalents on
March 31 amounted to kSEK 128,494 (163,963)
Significant events during the first quarter 2024
- At the extraordinary general meeting held on
January 4, 2024 , Jan-Eric Österlund was appointed chairman of the board,Lars Lind ,Alain Herrera ,Helena Taflin andSten Nilsson as board members, all of whom are newly elected. In connection with this, all former members of the board left their positions in the company. - On
January 9, 2024 , the board appointedPetter Segelman Lindqvist as the new Chief Executive Officer. - On
January 10, 2024 ,Magnus Hurst was appointed as new Chief Financial Officer. - On
February 14, 2024 , the company announces that they are starting the planning of new clinical studies with the aim of maximizing the opportunities to take arfolitixorin further towards a potential commercialization. - On
March 19, 2024 , the company presented the preliminary framework for a phase I/II clinical study of arfolitixorin as a first-line treatment in combination with 5-FU-based chemotherapy in patients with metastatic colorectal cancer. This with the aim of generating both efficacy and safety data using a new dose regimen. - On
March 19, 2024 , announced that the company’s collaboration partner, the Japanese pharmaceutical companySolasia Pharma K.K ., has confirmed its continued strong commitment in the development of arfolitixorin. Solasia will contribute with its expertise and participate in defining the detailed design of the clinical development program.
Significant events after the event of the period
- No significant events have occurred after the end of the period.
CEO´s comment:
” After an intense start of the year, we have taken several decisions that affect the direction of Isofol and our drug candidate arfolitixorin. We have presented the company's continued strategy - with a fresh start and a clear path forward for arfolitixorin - and launched a clinical development plan to evaluate a new dosage regimen. The goal is to start a clinical phase I/II study before the end of the year to show arfolitixorin’s potential under the right conditions.”, says CEO
For more information, please contact
E-mail: petter.s.lindqvist@isofolmedical.com
Phone: +46 (0) 739 60 12 56
E-mail: magnus.hurst@isofolmedical.com
Phone: +46 (0) 738 73 34 18
The information was submitted for publication, through the agency of the contact person set out above, at
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