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FluoGuide develops surgical solutions that is expected to reduce suffering for the patient and increases the likelihood of cure as well as reducing costs for the health care system.

New exchange: Nasdaq First North

FluoGuide is moving from Spotlight to Nasdaq First North. Shareholders are strongly encouraged to make sure they will be able to freely trade their shares in the future.

New exchange: Nasdaq First North

FluoGuide A/S publishes interim report for the period January – March 2022

Press release


May 31, 2022

Copenhagen, Denmark, 31 May 2022 – FluoGuide A/S (“FluoGuide” or the “Company”) today releases its results for the period 1 January – 31 March 2022. The Q1 report is available as an attached document to this press release and on FluoGuide’s website. Filings & reports – FluoGuide A/S

Summary Q1 2022 Q1 2021 2021
01-jan-22 01-jan-21 01-jan-21
(KDKK) 31-mar-22 31-mar-21 31-dec-21
Net Revenue
Operating result -5.429 -4.201 -28.809
Net result -3.953 -3.343 -23.770
Cash and bank 50.021 3.514 46.758
Result per share (DKK) *) -0,35 -0,32 -2,15
Solidity (%)  **) 91% 10% 73%
Avarage shares for the period 11.435.000 10.530.026 11.036.155
Net result -0,35 -0,32 -2,15

*) Result per share (DKK per share): Operating result divided by the average number of shares during the period.  The total number of shares as of 31 March 2022 totaled 11,814,500 shares (10,530,026).  The average number of shares for the period 1 January to 31 March 2022 was 11,435,000 shares (10,530,026).  The average number of shares for the period 1 January – 31 December 2021 was 11,036,155 shares. 

**) Solidity:  Total equity divided by total capital and liability.

 

HIGHLIGHTS DURING Q1

  • FluoGuide awarded a grant, together with Rigshospitalet (DK), to conduct a phase II trial with FG001 in patients with less aggressive brain cancers
  • FluoGuide completes a directed share issue raising approximately SEK 25 million
  • Receives approval from the Danish Medicines Agency to initiate phase II trial with FG001 in lung cancer
  • Issues warrants to employees and management
  • Publishes year-end and annual report for the fiscal year 2021

 

HIGHLIGHTS AFTER Q1

  • FluoGuide announces positive top line results from the first part of the ongoing clinical phase I/II trial testing the safety and performance of FG001 in lighting up aggressive brain cancer
  • Presentation of clinical data on FG001 at the 68th Scandinavian Neurosurgical Society Congress held 14-16 May 2022 in Bergen, Norway

 

FluoGuide made strong progress in early 2022 towards our goal to help patients with cancer, by ensuring it so it is removed completely the first time by the surgeon” said Morten Albercthsen, CEO and continues” It is 18 months since we started the clinical development with FG001. Today We already already positive phase IIa results and started two phase II trials. This shown the beauty and potential of our technology, and the short development path to market for FluoGuide”.

For more information:

Morten Albrechtsen, CEO
FluoGuide A/S
Phone: +45 24 25 62 66
E-mail: ma@fluoguide.com

 Certified Adviser:

Svensk Kapitalmarknadsgransking AB
Phone: +46 70 755 95 51
E-mail: ca@skmg.se

About FluoGuide

FluoGuide’s primary focus is to maximize surgical outcomes in oncology. The Company’s lead product, FG001, is designed to improve surgical precision by illuminating cancer cells intraoperatively. The improved precision enabled by FluoGuide’s products has a dual benefit – it reduces both the frequency of local recurrence post-surgery and lessens surgical sequelae. Ultimately, the improved precision will improve a patient’s chance of achieving a complete cure and will lower system-wide healthcare costs. The Company is has demonstrated efficacy of F001 as well as it to be well tolerated and safe in the ongoing proof-of-concept clinical study (phase I/II) in patients with high grade glioma undergoing surgery. FluoGuide has also started a phase II trial to demonstrate the effect of FG001 in guiding cancer surgery in patients with lung cancer. FluoGuide is listed on Nasdaq First North Sweden under the ticker “FLUO