Prima Biomed Ltd. Reports Preliminary Audited Consolidated Earnings Results for the Year Ended June 30, 2014
Aug 27 14
Prima Biomed Ltd. reported preliminary audited consolidated earnings results for the year ended June 30, 2014. For the period, the company reported total other income was AUD 3,140,066 against AUD 4,005,394 a year ago. Loss before income tax expense was AUD 13,329,774 against AUD 15,138,798 a year ago. Loss for the year is attributable to owners of the company was AUD 13,343,381 against AUD 15,225,671 a year ago. Basic and diluted loss per share was 1.09 cents against 1.42 cents a year ago. Net cash outflow from operating activities was AUD 14,227,161 against AUD 16,037,126 a year ago. Payments for plant and equipment were AUD 103,675 against AUD 507,924 a year ago. This decrease was essentially due to lower foreign exchange gains and less interest income being earned during fiscal year 2014 (AUD 406,628 in fiscal year 2014 against AUD 1,417,613 in fiscal year 2013).
Prima Biomed Ltd. Announces Executive Changes
Jul 9 14
The Board of Prima Biomed Ltd. announced that Marc Voigt has been appointed as Chief Executive Officer of Prima. Mr. Voigt, Prima's Chief Business Officer and Chief Financial Officer as well as General Manager of the company's European Operations, replaces US based Matthew Lehman who will step down from the Board but remain as an adviser to the company to facilitate an orderly transition. Following his appointment as CEO, Marc Voigt will join the Prima Board as an Executive Director. Marc has more than 16 years of experience in the financial and biotech industry, having joined the Prima team in 2011 as the General Manager, European Operations based in Berlin, Germany.
Prima BioMed Ltd Announces CVac Demonstration of Positive Trend in Overall Survival in Second Remission Ovarian Cancer
Jun 1 14
Prima BioMed Ltd. announced that CVac has demonstrated a positive trend in overall survival (OS) over standard of care in second remission ovarian cancer patients in the CAN-003 protocol. In second remission patients (n=20) from CAN-003, median OS for control group patients was 26.25 months while a median for CVac patients was not yet reached after 30 months (hazard ratio=0.17; p=0.07). Medians for the control group and CVac treated patients have not yet been reached for first remission patients. CAN-003 is a 63-patient phase 2 study evaluating the effects of CVac, as compared to an observational standard of care arm (OSC), in epithelial ovarian cancer patients in complete remission after first or second line treatment. In accordance with the protocol design, the first seven patients on the trial were all assigned to receive CVac in order to test the comparability of product manufacturing in a new facility. The subsequent 56 patients were randomized 1:1 to either the CVac group or observational standard of care (OSC) and included in the intent-to-treat analysis. 36 patients were in first remission (19 patients were assigned to CVac and 17 to OSC) and 20 patients were in second remission (10 patients were each assigned to CVac or OSC). Final PFS data was analysed after thorough quality control reviews of investigator-evaluated progression and appropriate censoring of data from patients who had not progressed during the study. The primary objectives of the trial are to determine the safety of CVac administration and to determine CVac's effect on progression-free survival. Secondary objectives of the trial are to determine CVac's effect of overall survival and to evaluate host immunologic responses to CVac.