ASM; USOTC: ATSMY) announces its interim financial information for
the period ended 31 December 2006.
Highlights
AS1404
* Positive data from phase II trials
o Median survival extended by 5 months in lung cancer
o Positive initial findings in ovarian and prostate
cancers
* Preparations ongoing for phase III trial in lung cancer
* Good progress in talks with potential marketing partners
AS1411
* Progressing to phase II trials in renal cancer and acute
myeloid leukaemia (AML)
o Phase I trial shows promising activity in renal cancer
o Phase I trial provides further evidence for favourable
safety profile
o AS1411 demonstrates potency against cancer cells from
AML patients
AS1409
* Renal cancer and melanoma selected as initial indications for
phase I testing
Financial highlights
* 24.8 million net of expenses raised in oversubscribed placing
* Cash and liquid resources at 31 December 2006 of 33.6 million
(31 December 2005: 23.6 million, 30 June 2006: 14.9 million)
* Operating loss for the six months ended 31 December 2006 of 7.8
million (six months ended 31 December 2005: 9.6 million)
Dr Barry Price, Chairman of Antisoma, said: "Antisoma ended 2006 on a
high, having announced positive data from three phase II trials of
AS1404 and completed an oversubscribed placing. In 2007 we look
forward to further trial data, progression of four drugs to the next
phase of development and the conclusion of a major licensing deal for
AS1404."
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