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Asarina Pharma Year-End Report 2018 shows solid progress

Stockholm, 25 February, 2019: Asarina Pharma AB releases its Year-End Report including financials for the fourth quarter 2018 and for the full year 2018. (READ THE FULL YEAR-END REPORT IN PDF HERE (http://docs.wixstatic.com/ugd/641552_cd037716c08b48c69d458724079a39d2.pdf).)

Fourth Quarter 2018: FINANCIAL HIGHLIGHTS

  • Net sales amounted to 0 (0) kSEK                                       
  • Operating loss was – – 20,481 (-7 364) kSEK                     
  • Loss per share, before dilution, SEK -0.88 (-0.45)
  • On 31 December 2018 Asarina had total cash and cash equivalents of 141 543 kSEK

We received SEK 6.3 million in October in proceeds from the green shoe connected to the IPO. We maintained strict management of our expenses and entered 2019 with a solid cash position.

THE QUARTER IN BRIEF

  • PMDD: we have maintained steady momentum in recruitment and we are aiming to complete the study before the end of 2019 with topline results available Q1-2020
  • Menstrual Migraine: we finalized the clinical protocol and have signed the contract with Scandinavian CRO for our Phase IIA study in our first-in-class prophylactic treatment specifically for MM
  • Upscaling production: we have initiated scale-up of production of Sepranolone, to prepare for Phase III trials and market release
  • Partnering and investors: we are keeping pharma companies active in Women´s Health informed of our progress in preparation for a potential licensing agreement when our Phase IIB data in PMDD become available

CEO: “The fourth quarter was a productive period for the Asarina Team. Our vision of helping more women remain in control of their lives has powered our steady progress through the fourth quarter of 2018.”