Medigene AG: Medigene amends 2022 financial guidance

Planegg/Martinsried (pta030/10.03.2023/18:00 UTC+1)

The Executive Management Board of Medigene AG (Medigene, FSE: MDG1, Prime Standard), an early stage immuno-oncology platform company focusing on the discovery and development of T cell immunotherapies for solid tumors, today adjusted financial guidance for fiscal year 2022.

The company maintains its guidance on expected revenues to be approximately €30-32 million in 2022.

Research and development costs will increase from prior estimates of €12-14 million to €28-29 million. This is a result of a further write-down of €15.5 million on the drug candidate RhuDex® licensed to Dr. Falk Pharma GmbH, due to the expected termination of the phase 2 clinical study in patients with primary biliary cirrhosis (PBC) by Dr. Falk Pharma.

Estimates for earnings before interest, taxes, depreciation and amortization (EBITDA) remain unchanged and are expected at € 12-14 million.

The company estimates that it is financed into the fourth quarter of 2024 based on current planning (unchanged).

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Emitter:	Medigene AG Lochhamer Straße 11 82152 Planegg/Martinsried Germany
Contact Person:	Medigene PR/IR
Phone:	+49 89 2000 3333 01
E-Mail:	investor@medigene.com
Website:	www.medigene.com
ISIN(s):	DE000A1X3W00 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate