{"id":74114,"date":"2020-09-29T14:42:00","date_gmt":"2020-09-29T14:42:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2735643"},"modified":"2020-09-29T14:42:00","modified_gmt":"2020-09-29T14:42:00","slug":"synairgen-plc-interim-results-for-the-six-months-ended-30-june-2020","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/29\/synairgen-plc-interim-results-for-the-six-months-ended-30-june-2020\/","title":{"rendered":"Synairgen plc \u2013 Interim results for the six months ended 30 June 2020"},"content":{"rendered":"<p><img decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo.png\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p align=\"justify\">Synairgen plc, the respiratory drug discovery and development company, today announces its unaudited interim results for the six months ended 30 June 2020.<\/p>\n<p align=\"justify\"><strong>Highlights (including post period-end)<\/strong><\/p>\n<p align=\"justify\"><strong>Operational<\/strong><\/p>\n<ul type=\"disc\">\n<li>Positive results from SG016, its double-blind placebo-controlled Phase II trial of SNG001 in hospitalised COVID-19 patients announced in July<br \/>&nbsp;<\/li>\n<li>The Company extended the SG016 Phase II trial to include a further 120 patients with confirmed COVID-19 to be dosed in the home environment (ongoing)<br \/>&nbsp;<\/li>\n<li>Positive results from interim analysis of SG015, its double-blind placebo-controlled Phase II trial of SNG001 in COPD patients announced in September, supporting the COVID-19 programme<br \/>&nbsp;<\/li>\n<li>Patent applications for SNG001 in COVID-19 patients and in exacerbating COPD patients undergoing treatment with systemic corticosteroids were submitted post period-end<br \/>&nbsp;<\/li>\n<li>Synairgen launched a Managed Access Program with Clinigen, to provide SNG001 to hospitalised COVID-19 patients &ndash; see separate announcement issued today<br \/>&nbsp;<\/li>\n<li>The Company is currently in discussions with regulatory agencies to establish the route to approval of SNG001 as a treatment for COVID-19<br \/>&nbsp;<\/li>\n<li>The Company is also investing in supply chain activities to ensure that drug and aerosol delivery system availability can meet potential demand, pending approval<\/li>\n<\/ul>\n<p align=\"justify\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/><strong>Financial<\/strong><\/p>\n<ul type=\"disc\">\n<li>In March 2020, Synairgen raised &pound;14.0 million (before expenses) in an equity issue to fund its initial COVID-19 related activities and strengthen its balance sheet<br \/>&nbsp;<\/li>\n<li>Research and development expenditure for the six months ended 30 June 2020 was &pound;4.47 million (30 June 2019: &pound;1.69 million) as the Company advanced its clinical trial of SNG001 in COVID-19 patients and scale-up activities<br \/>&nbsp;<\/li>\n<li>The loss from operations for the six months ended 30 June 2020 was &pound;5.08 million (30 June 2019: &pound;2.21 million loss)<br \/>&nbsp;<\/li>\n<li>Cash balances of &pound;10.9 million at 30 June 2020 (30 June 2019: &pound;3.52 million)<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Richard Marsden, CEO of Synairgen, said:<\/strong>&nbsp;<em>&#8220;The first six months of this year have been the most significant in Synairgen&rsquo;s history. We were delighted to announce positive results from our hospital-based COVID-19 trial in July, and have been working tirelessly on the progression of SNG001 as a potential treatment for COVID-19 patients. With further positive results from our interim analysis of SNG001 in COPD announced in September 2020, we feel well-equipped to realise our strategy of progressing inhaled interferon beta for the treatment of respiratory viruses. I&rsquo;d like to thank everyone involved in the Company and trials for all their hard work to date.&rdquo;<\/em><\/p>\n<p align=\"justify\">This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No. 596\/2014 (&lsquo;MAR&rsquo;).<\/p>\n<p><strong>For further enquiries, please contact:<\/strong><\/p>\n<p><strong>Synairgen plc<\/strong><br \/>Richard Marsden, Chief Executive Officer<br \/>John Ward, Finance Director<br \/>Tel: + 44 (0) 23 8051 2800<\/p>\n<p><strong>finnCap<\/strong><br \/>Geoff Nash, Kate Bannatyne, Charlie Beeson (Corporate Finance)<br \/>Alice Lane, Manasa Patil (ECM)<br \/>Tel: + 44 (0) 20 7220 0500<\/p>\n<p><strong>Consilium Strategic Communications (Financial Media and Investor<\/strong><br \/><strong>Relations)<\/strong><br \/>Mary-Jane Elliott, Sue Stuart, Olivia Manser<br \/>synairgen@consilium-comms.com<br \/>Tel: +44 (0) 20 3709 5700<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/consilium-comms.com\" target=\"_blank\">http:\/\/consilium-comms.com<\/a><br \/><b>Contact Information:<\/b><br \/>Mary-Jane Elliott, Sue Stuart, Olivia Manser<br \/>\nsynairgen@consilium-comms.com<br \/>\nTel: +44 (0) 20 3709 5700<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/disclosure-newswire\/\" rel=\"category tag\">Disclosure Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Mary-Jane Elliott, Sue Stuart, Olivia Manser<br \/>\nsynairgen@consilium-comms.com<br \/>\nTel: +44 (0) 20 3709 5700<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo.png\" alt=\"\">Synairgen plc, the respiratory drug discovery and development company, today announces its unaudited interim results for the six months ended 30 June 2020. Highlights (including post period-end) Operational Positive results from SG016, its double-blind placebo-controlled Phase II trial of SNG001 in hospitalised COVID-19 patients announced in July&nbsp; The Company extended the SG016 Phase II trial &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/09\/29\/synairgen-plc-interim-results-for-the-six-months-ended-30-june-2020\/\">Continue reading <span>Synairgen plc &ndash; Interim results for the six months ended 30 June 2020<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/09\/29\/synairgen-plc-interim-results-for-the-six-months-ended-30-june-2020\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-74114","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Synairgen plc \u2013 Interim results for the six months ended 30 June 2020 - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/09\/29\/synairgen-plc-interim-results-for-the-six-months-ended-30-june-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Synairgen plc \u2013 Interim results for the six months ended 30 June 2020 - Business\" \/>\n<meta property=\"og:description\" content=\"Synairgen plc, the respiratory drug discovery and development company, today announces its unaudited interim results for the six months ended 30 June 2020. 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