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BRIEF-Medigene Sells US-Rights For Veregen, Raises 2017 Guidance
December 5, 2017 / 3:40 PM / 6 days ago

BRIEF-Medigene Sells US-Rights For Veregen, Raises 2017 Guidance

Dec 5 (Reuters) - MEDIGENE AG:

* PTA-ADHOC: MEDIGENE AG: MEDIGENE SELLS US-RIGHTS FOR VEREGEN® AND RAISES FINANCIAL GUIDANCE 2017

* EXPECTS REVENUES OF EUR 10.5-11.5 M INSTEAD OF EUR 8-10 M AS PREVIOUSLY GUIDED

* EXPECTS 2017 EBITDA-LOSS OF EUR 14-15 M INSTEAD OF EUR 16-18 M

* EXPECTS 2017 CASH UTILIZATION OF EUR 20-22 M INSTEAD OF EUR 23-27 M Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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