June 30, 2020 / 12:50 PM / 2 days ago

BRIEF-Biofrontera Confirms Financing Need

June 30 (Reuters) - BIOFRONTERA AG:

* BIOFRONTERA CONFIRMS FINANCING NEED

* THERE IS A FINANCING NEED OF AT LEAST EUR 5 MILLION TO MAINTAIN BUSINESS OPERATIONS UNTIL END OF APRIL 2021

* OUTLOOK 2020: EXPECTS TO GENERATE REVENUES OF EUR 34 TO 38 MILLION 2020 (INCLUDING ONE-TIME LICENSE PAYMENT OF EUR 6 MILLION RECEIVED FROM MARUHO CO., LTD. IN APRIL 2020)

* OUTLOOK 2020: CONTINUES TO ASSUME THAT EXPENDITURES IN Q3 AND Q4 2020 WILL RETURN TO LEVEL OF Q1 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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