Financial Highlights
Initiator Pharma A/S is a Danish registered company, and is reporting its financial situation in Danish kroner (DKK). Initiator Pharma A/S was registered on May 2, 2016.
Second Quarter (2021-04-01 – 2021-06-30)
- Net revenues were TDKK 0 (0)
- EBIT was TDKK -4,944 (-3,013)
- Earnings per share was DKK -0.14 (-0.13)
First Six Months of the Year (2021-01-01 – 2021-06-30)
- Net revenues were TDKK 0 (0)
- EBIT was TDKK -6,736 (-5,405)
- Earnings per share was DKK -0.19 (-0.23)
- Cash and bank: TDKK 31,099 (8,189)
- Solidity: 89% (75%)
Earnings per share: period result divided by the diluted number of shares on 2021-06-30 (38,002,227). Solidity: equity divided by assets.
Business highlights in Q2 2021
- On April 13[th] it was announced a proposal for a directed issue and fully guaranteed preferential rights issue of total SEK 60 million to expand into new orphan drug indication, led by long-term investors Linc AB and Adrigo Asset Management AB.
- On April 15[th] the summons for an extra-ordinary general meeting to approve the directed and fully guaranteed preferential rights issue was published.
- On April 20[th] it was announced today that it has filed a Clinical Trials Application for its planned Phase II study with IPED2015 in organic Erectile Dysfunction patients.
- On May [4th ]the annual report for 2020 was published.
- On May 4[th] the summons for the annual general meeting to be held on May 28[th] was published.
- On May 11[th] the EGM approved the directed and fully guaranteed preferential rights issue.
- On June 2[nd] provided an update on the Phase 2a study with IP2018
- On June 28[th] it was announced that the CTA for a Phase 2b study with IP2015 was approved
Significant events after this reporting period
- On July 2[nd] it was announced that the board had decided on the execution of the previously communicated preferential rights issue
- On July 8[th] the prospectus prior to the preferential rights issue was published
- On July 29[th] it was announced that the rights issue was subscribed to a total of approx 227 percent
For more information, please contact
Claus Olesen, CEO, Initiator Pharma, Mobile: +45-61 26 00 35, E-mail: [email protected]
Torgeir Vaage, CFO, Initiator Pharma, Mobile: +47-924 05 235, E-mail: [email protected]
About Initiator Pharma
Initiator Pharma A/S is a Danish clinical stage life science company developing innovative drugs that target key unmet medical needs within the central and peripheral nervous system. Initiator Pharma’s pipeline consists of three clinical programs – the drug candidates IP2018 and IPED2015 for treatment of erectile dysfunction of psychogenic and organic origin, respectively, and the orphan drug candidate IPTN2021 developed for Trigeminal Neuralgia, a severe neuropathic pain condition. Initiator Pharma is listed on Spotlight Stockmarket (ticker: INIT).