Telecom Signaling Industry News

TMCNet:  Cortendo AB: Interim Report, Q2 and H1 2014

[August 26, 2014]

Cortendo AB: Interim Report, Q2 and H1 2014

STOCKHOLM --(Business Wire)--

Cortendo AB (OSE:CORT)



· First patient enrolled into the NormoCort™ Phase 3 SONICS trial - continued progress on trial implementation.The internal and external NormoCort development team has been further strengthened

· Matthew Pauls recruited as new CEO - effective Aug 25

· Strategic review to further strengthen focus on orphan drugs and metabolic disease

· Net loss for the Group was SEK 8.6 (5.6) million in Q2'2014 (Q2'2013) and SEK 19.8 (9.7) million in H1'2014 (H12013), reflecting increased R&D activities

· Cash and cash equivalents amounted to SEK 75.4 million, compared to SEK 31.6 million at 30 June 2013 and SEK 97.1 million at the end of December 2013

· Cortendo is currently preparing for and is targeting an Initial Public Offering and listing on the Oslo Stock Exchange during Q4'2014

For the full report see pdf-file at,c9633067.

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