On August 20, 2020 Immunovia reported that published second quarter interim report for January – June 2020 (Press release, Immunovia, AUG 20, 2020, View Source;june-2020-301115788.html [SID1234563913]). It is available on Immunovia’s website.
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"During Q2, we successfully handled COVID-19 challenges beyond our control, strengthened
the company’s economic position, began the expansion of our sales, marketing, and customer service organizations, and are now, despite the COVID-19 pandemic, aiming to launch the first-ever test for early detection of pancreatic cancer during Q4 2020.
During the entire quarter, we provided continuous updates on our focused measures to minimize the impact of the COVID-19 pandemic on our employees, the company, and our commercialization efforts. As we announced in May, we were forced to adjust the company’s timeline and launch date for IMMray PanCan-d to Q4 2020, due to the shutdown of the state of Massachusetts, which directly impacted important activities at our laboratory in Marlborough, MA. We were able to reopen the Marlborough laboratory on May 25, 2020, and we have since been able to continue working with the greatest possible speed, energy, and enthusiasm.
On June 4th, we successfully implemented one of the largest capital raises ever for a non-
USA-based diagnostic company. Immunovia announced a directed new share issue of approximately SEK 400 million. The capital from this new directed share issue is now being used for commercialization activities in conjunction with the launch of IMMray PanCan-d, our top priority. This capital raise allows Immunovia to take the next step in establishing itself as a world leader in the early detection of complex illnesses such as cancer and autoimmune disease. It also allows the company to be more resilient against any market volatility and ensures that we can fully commit to our launch preparations and commercialization.
We ended the quarter with our first virtual investment day, which included presentations by Immunovia’s chairman, Carl Borrebaeck; VD, Mats Grahn; Chief Commercial Officer, Laura Chirica; Senior VP Sales North America, Michael Pettigrew; and Dr. Thomas King, Medical Director as well as a comprehensive and interactive Q&A session with Immunovia’s stakeholders. A highlight of the event was a virtual tour of our Marlborough laboratory. A recording of the event can be found on our website.
On behalf of the board and the entire Immunovia team, we thank you for your continued support of Immunovia’s effort to positively impact the lives of those at risk of pancreatic cancer. We are launching IMMray PanCan-d in Q4 of this year!."
– Excerpt from the CEO Mats Grahn’s comment on the report
Seond Quarter Interim Report for January – June 2020 Call Details:
Immunovia invites to a teleconference (in English) for investors, analysts and media on Thursday, August 20, 2020 at 16:30 CET.
Mats Grahn, CEO will present Immunovia and comment on the second quarter interim report for the period January – June 2020 followed by a Q&A session.
Please call in a few minutes in advance. To attend, please dial-in at one of the numbers below and provide the conference code Immunovia to the operator:
Conference Code: (to provide to the operator) Immunovia
Immunovia Webcast:https://channel.royalcast.com/immunovia/#!/immunovia/20200820_1
For more information, please contact:
Julie Silber, Director of Investor Relations, Immunovia
Email: [email protected]
Tel: +46 7 93 486 277
There will be an MP3-file available at Immunovia’s webpage under Investors/Financial Reports (View Source) for those who want to listen to the telephone conference afterwards. The file will be available within two hours after the conference has ended.
This information is information that Immunovia AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on August 20, 2020.