Sangui BioTech: Revenues Slightly Improved in the First Half of the 2015 Financial Year
2015年2月12日 - 8:00PM
ビジネスワイヤ(英語)
Research and development focuses on preclinical
trials
For the first half (as of December 31, 2014) of its 2015
financial year Sangui BioTech International, Inc. reports revenues
from product sales and royalties in the amount of USD104,906 an
increase of 74.0% over the revenues in the first half of the
financial year 2014. In the second quarter (October through
December 2014) revenues amounted to USD31,166 a decrease of 57.7%
as compared with the most recent quarter(July through September
2014).
Research and development expenses amounted to USD134,977
(H1/2014: USD 107,234). The increase is due to the ongoing
preclinical trials aimed at demonstrating the functionality of
Sangui's technology with respect to various indications. The net
loss attributable to shareholders of the parent company came to
USD355,928 (H1/2014: USD570,032), the cash outflow from operations
during the six months amounted to USD318,740 (H1/2014:
USD337,419).
As of December 31, 2014, the equity ratio was minus 33.3% (June
30, 2014: 2.8%).
In the course of the second quarter, preclinical trials at
Giessen University demonstrated that a hemoglobin based product
developed by SanguiBioTech is apt to improve the oxygen supply of
vital organs. It is now being supposed that Sangui's
hemoglobin-based artificial oxygen carriers may interrupt the
self-perpetuating mechanism of septic shock, that has so far been
highly resistant to treatment, and may thus ultimately reduce the
high mortality rates.
Sangui BioTech International, Inc. ("SGBI") is a holding company
the shares of which are being traded on the OTCQB marketplace
(www.otcmarkets.com: SGBI) and the OTC markets of Berlin and
Hamburg-Hannover stock exchanges. Its purpose is to provide
financing and access to the capital markets for the enterprises of
the Sangui group. SanguiBioTech GmbH is a ninety percent subsidiary
of Sangui BioTech International, Inc.
Some of the statements contained in this news release discuss
future expectations, contain projections of results of operation or
financial condition or state other “forward-looking” information.
These statements are subject to known and unknown risks,
uncertainties, and other factors that could cause the actual
results to differ materially from those contemplated by the
statements. The forward-looking information is based on various
factors and is derived using numerous assumptions. Important
factors that may cause actual results to differ from projections
include, among many others, the ability of the Company to raise
sufficient capital to meet operating requirements. Words such as
“anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” and variations of such words and similar expressions
are intended to identify such forward-looking statements. Unless
required by law, the Company undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
Sangui BioTechJoachim FleingPhone: +49 (179) 7963472Fax: +49
(2302) 915191e-mail: fleing@sangui.de
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