Intercell Does Not Leave the Loss zone

Business › n.a. ♦ Published: March 6, 2012; 13:02 ♦ (Vindobona)

The Austrian pharmaceutical company announces preliminary full year 2011 financial results. Losses totaled € 29m.

Intercell Does Not Leave the Loss zone / Picture: © Intercell

Intercell noted total revenues of € 32.9m in 2011 compared to € 34.2m in 2010, which is due to lower collaboration revenues. In the last quarter of 2011, revenues reached € 6.98m, after € 13.1m in 2010. The company decided to reduce R&D expenses by 60.0% to € 29.9m and SG&A expenses by 20.1% to € 15.8m.

Net loss reached € 29.3m in the year 2011, compared to…

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