Intercell AG (ICLL) cut its forecast for full-year sales and earnings by as much as 20 percent, citing lower-than-expected demand for its Ixiaro vaccine against Japanese Encephalitis.
The net loss will be between 20 million euros ($26 million) and 24 million euros this year, the Vienna-based company said in statement today. Product sales will be between 26.5 million and 28.5 million euros, according to Intercell.
The company is scheduled to report third-quarter results on November 7.
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