INNATE PHARMA : INNATE PHARMA (Euronext Paris: FR0010331421 - IPH) REPORTS
INCREASE IN ANNUAL REVENUE FOR 2012
*Revenue of 14.3 million euros including payments from Bristol-Myers Squibb
and research tax credit
*Strong cash position with 32.6 million euros in cash, cash equivalents and
current financial instruments as at December 31, 2012
(IFRS unaudited provisional data)
Innate Pharma SA (Euronext Paris: FR0010331421 - IPH), the innate immunity
company developing first-in-class drugs for cancer and inflammatory diseases,
announces revenue and other income of 14.3 million euros for the year 2012,
compared to 11.7 million euros in 2011.
The following table breaks down the operating revenue and compares 2012 to
Fiscal year ended December 31,
In thousands of euros 2012 2011
Revenue from collaboration and licensing agreements 10,377 7,454
Government funding for research expenditures 3,898 4,286
Revenue and other income 14,275 11,740
In 2012, revenue from collaboration and licensing agreements arose from the
agreement signed with Bristol-Myers Squibb in July 2011. Government funding
for research costs mostly represents research tax credit.
Cash, cash equivalents and current financial instruments and financial
Cash, cash equivalents and current financial instruments of the Company
amounted to 32.6million euros at December 31, 2012.
At the same date, the financial liabilities of the Company amounted to 4,5
million euros, including 3.7 million euros related to the twelve-year
lease-financing agreement for the Company's premises (until 2021) as well as
0.8 million euros related to Oséo^ reimbursable advances.
Full year results announcement:
Innate Pharma will announce its full-year results on March 5, 2013, before
market opening. Innate Pharma's management will host a conference call at 4pm
CET. Dial-in details will be provided in the announcement press release.
About Innate Pharma:
Innate Pharma S.A. is a biopharmaceutical company developing first-in-class
immunotherapy drugs for cancer and inflammatory diseases.
The Company specializes in the development of new monoclonal antibodies
targeting receptors and pathways controlling the activation of innate immunity
cells. Its innovative approach has been validated by licence agreements with
two major pharmaceutical companies, Novo Nordisk A/S and Bristol-Myers Squibb.
Incorporated in 1999 and listed on NYSE-Euronext in Paris in 2006, Innate
Pharma is based in Marseilles, France, and had 82 employees as at December 31,
Learn more about Innate Pharma at www.innate-pharma.com.
Practical Information about Innate Pharma shares:
ISIN code FR0010331421
Ticker code IPH
This press release contains certain forward-looking statements. Although the
company believes its expectations are based on reasonable assumptions, these
forward-looking statements are subject to numerous risks and uncertainties,
which could cause actual results to differ materially from those anticipated.
For a discussion of risks and uncertainties which could cause the company's
actual results, financial condition, performance or achievements to differ
from those contained in the forward-looking statements, please refer to the
Risk Factors ("Facteurs de Risque") section of the Document de Reference
prospectus filed with the AMF, which is available on the AMF website
(www.amf-france.org) or on Innate Pharma's website (www.innate-pharma.com).
This press release and the information contained herein do not constitute an
offer to sell or a solicitation of an offer to buy or subscribe to shares in
Innate Pharma in any country.
For additional information, please contact:
Director, Investor Relations
Tel.: +33 (0)4 30 30 30 87
Mob.: +33 (0)6 26 94 18 53
Oséo is a public-sector institution dedicated to economic development
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: INNATE PHARMA via Thomson Reuters ONE
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