BB Biotech Q3 Net Loss At CHF 157 Mln
Oct 25 (Reuters) -BB BIOTECH AG BION.S:
STRATEGIC REALLOCATION OF PORTFOLIO ASSETS PROGRESSING
CLOSED Q3 WITH A NET LOSS OF CHF 157 MN
POSITIVE RESULTS FROM A PHASE I/II STUDY OF ION582 (ANGELMAN SYNDROME)
AT NINE-MONTH MARK, SHOWED NET PROFIT OF CHF 16 MN COMPARED TO A NET LOSS OF CHF 316 MN IN FIRST NINE MONTHS OF 2023
HIGH LEVEL OF INVESTMENT OF 112.3% REFLECTS INVESTMENT MANAGEMENT TEAM'S CONFIDENCE REGARDING FUTURE DEVELOPMENTS
AS Q3 CONCLUDED, INVESTMENT LEVEL DECREASED BUT REMAINED NEAR UPPER LIMIT OF TARGET RANGE AT 112.3%
Q3 SHARES SHOWED A RETURN OF -9.2.% IN CHF AND -6.7% IN EUR
Source text for Eikon: ID:nEQ3V2rzFa
Further company coverage: BION.S
(Gdansk Newsroom)
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