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INFANT BACTERIAL THERAPEUTICS AB (PUBL)

(IBT B)
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Infant Bacterial Therapeutics Announces the Mexican Patent Office Grants New Patent

09/10/2021 | 06:30am EDT

Infant Bacterial Therapeutics AB announced that the Mexican Patent Office has granted a patent entitled: A method of activating lactic acid bacteria, which protects the formulation of Lactobacillus reuteri including IBP-9414. IBT is currently developing its drug candidate IBP-9414 in Phase III. The ambition for IBP-9414 is to become approved probiotical drug with the goal to prevent life threatening diseases in premature infants including NEC and sepsis by promoting healthy stomach-and bowel development in premature infants. The invention covers a novel way to activate the freeze-dried bacteria and corresponding patent applications are currently pending in additional future key markets including the US and Europe. This patent increases the existing protection of IBTs drug candidate IBP-9414 in addition to Orphan Drug Exclusivity and biological data protection already established in the US and EU. The Mexican patent provides coverage until 2036. IBP-9414 is intended to be marketed in Mexico once marketing authorization has been obtained.


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Financials
Sales 2020 - - -
Net income 2020 -72,0 M -8,39 M -8,39 M
Net cash 2020 423 M 49,3 M 49,3 M
P/E ratio 2020 -17,5x
Yield 2020 -
Capitalization 868 M 101 M 101 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 8
Free-Float 89,2%
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Managers and Directors
Staffan Strömberg Chief Executive Officer
Marie-Louise Alamaa Chief Financial Officer
Peter Michael Rothschild Chairman
Eamonn Connolly Chief Scientific Officer
Jonas Rastad Chief Medical Officer