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ThromboGenics Business Update

Stocks in this article: THR

REGULATED INFORMATION

ThromboGenics Business Update

Corporate

  • In February, the Board of Directors of ThromboGenics decided to explore strategic options for the Company. This decision is intended to increase the Company's ability to realize the significant commercial potential of JETREA ® (ocriplasmin) in the US, and to fully capitalize on the Company's proven product development capabilities
  • The strategic review is ongoing. An update will be provided in due course

Financial

  • Cash of €156.9 million on hand at the end of March 2014, compared to €172.4 million at the end of December 2013

JETREA ® in the US                       

  • The Company's US organization continues to focus on establishing JETREA ® as an earlier treatment for patients with symptomatic vitreomacular adhesion (VMA)
  • New efficacy and safety data presented at The Association for Research in Vision and Ophthalmology (ARVO) in May 2014 highlighted real-world experience with JETREA ®. These showed positive outcomes, and a safety profile in line with the Phase III clinical program
  • 65 centers are now recruiting patients in the ORBIT (Ocriplasmin Research to Better Inform Treatment) Phase IV post marketing study
  • A permanent J-Code for JETREA ® has been in place since January 1 2014

JETREA ® ex-US

The Transparency Commission of the  French National Health Authority issued a positive opinion for the reimbursement and hospital listing of JETREA ® by the French National Health Insurance in January  

  • In March, JETREA ®  was approved by Swissmedic for the treatment of adults with vitreomacular traction (VMT), including when associated with macular hole of diameter less than or equal to 400 microns
  • In April, JETREA ® was approved in Malaysia for the same indication, the product's first approval in Asia

Leuven, Belgium, May 22, 2014 (GLOBE NEWSWIRE) -- ThromboGenics NV (Euronext Brussels: THR), an integrated biopharmaceutical company focused on developing and commercializing innovative ophthalmic medicines, today issued a business update for the three month period ending 31 March 2014.

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