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Cytos Biotechnology Announces Full Year 2012 Financial Results

The gross cash burn for operating activities decreased from CHF 1.54 million in average per month in 2011 to CHF 1.1 million in average per month in 2012.



    Financial summary (IFRS, consolidated)
    (in CHF million)                               Results 2012         Results 2011
    Revenue                                               1.1                  1.6
    Net operating costs                                 (14.6)               (21.3)
    Operating loss                                      (13.5)               (19.7)
    Net loss                                             (9.2)               (18.8)
    Net loss per share (in CHF)                         (0.57)               (3.56)

    (in CHF million)                          December 31, 2012    December 31, 2011
    Cash, cash equivalents, financial assets             28.7                 28.8
     & trade and other receivables
    Full-time equivalents (number)                         21                   36

The full financial statements can be found on  http://www.cytos.com .

Full year statutory financial figures 2012:

Financial summary (statutory)

   
    (in CHF million)         Results 2012    Results 2011
    Revenue                         1.1             1.6
    Total operating expenses      (20.6)          (51.3)
    Operating loss                (19.5)          (49.8)
    Other income                    6.5             6.2
    Net loss                      (15.7)          (41.3)
    (in CHF million)    December 31, 2012    December 31, 2011
    Total assets                   54.6            46.7
    Total liabilities              37.3            42.1
    Shareholder's equity           17.3             4.6

The full financial statements can be found on  http://www.cytos.com .

About Cytos Biotechnology Ltd

Cytos is a public biopharmaceutical company focused on the development of targeted immuno-therapies. The Company's lead product candidate CYT003 is a first-in-class biologic in Phase 2 clinical development as a potential new treatment for allergic asthma.

CYT003 acts via a novel, allergen-independent mechanism of action to selectively suppress the body's immune response to allergens, a predominant risk factor for asthma. In a successfully completed Phase 2a study, CYT003 was shown to maintain asthma control and lung function and asthma control in patients with persistent allergic asthma, even as standard inhaled corticosteroid treatment was withdrawn. CYT003 has been shown to be safe in over 450 patients to date.

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