Summary of the Fourth Quarter (
** Net sales amounted to MSEK 0,0 (0,0)
** Operating profit/loss amounted to MSEK -1,5 (-1,9)
** Earnings per share*
* Before and after dilution. Earnings per share: Profit for the period divided by the average number of shares 14,920,478. For the comparison period, the average number of shares was 14,920,478. Amounts in brackets refer to the corresponding period last year.
Financial year (2020-07-01 - 2021-06-30)
** Net sales amounted to MSEK 0,0 (0,0)
** Operating profit/loss amounted to MSEK -6,1 (-7,7)
** Earnings per share**
** Cash and cash equivalents at the end of the period amounted to MSEK 3,5 (6,1)
* Before and after dilution. Earnings per share: Profit for the period divided by the average number of shares 14,920,478. For the comparison period, the average number of shares was 14,912,278. Amounts in brackets refer to the corresponding period last year.
CEO's comment
The preclinical results regarding the OsteoDex´ (ODX) effect on multiple myeloma (MM) announced on
ODX's unique mechanism of action has both a potent tumor cell killing effect and a strong inhibitory effect on bone-degrading cells (osteoclasts), which together with very mild side effects make the ODX a strong candidate for the treatment of MM. In several in vitro experiments at
The global market size for MM in 2018 was
ODX has the potential to be better than existing myeloma drugs, certainly with regard to the absence of significant side effects. The dual effect of ODX, potent tumor cell killing and strong osteoclast inhibition, is unique and is not found in any other MM drug.
The financing of the MM study will take place through a directed new issue, which is a prerequisite for the implementation of the study. Details of the new share issue will be presented when the preparatory work for the study has been completed, which is expected to be completed during the second half of 2021.
In
DexTech continues to work towards the company's primary goal, to enter into an agreement with a licensee for the company's drug candidate ODX. The company intends to sign a license agreement that reflects the true value of ODX. Regarding the ongoing pandemic, the increased vaccination rate can hopefully enable physical meetings with stakeholders in the future.
A video presentation explaining the possibilities of the Guadex platform, the situation in the treatment of prostate cancer and the ODX place in the treatment has been published on the company's website and on YouTube (www.youtube.com/watch?v=LQ2NUdPj6DY).
Although the company's main track is ODX-CRPC, complementary positive ODX-MM results will further strengthen the possibilities for a favorable license agreement. The company will not enter into a license agreement that does not reflect ODX true value, including the potential for treatment of multiple myeloma.
Anders R Holmberg
CEO
Contact
This information is such information that
https://news.cision.com/dextech/r/dextech-medical-ab--year-end-report-july-1--2020---june-30--2021,c3405980
https://mb.cision.com/Main/11652/3405980/1461276.pdf
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