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ProMetic Life Sciences >
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Balance sheet transformed. Bioseparations performing well. Sharp focus on value driving clinical priorities

  • 15 Aug 2019

Balance sheet transformed. Bioseparations performing well. Sharp focus on value driving clinical priorities


ProMetic Life Sciences (PLI:TSE) | 0 0 1.3% | Mkt Cap: 1,075m


  • Hybridan
    • Derren Nathan

    • 6 pages

Biotechnology image


 
Biotechnology image


Q2 2019 was a landmark quarter for Prometic with a recapitalisation comprising the conversion of $228.9m of debt and $114.4m in new equity issuance. Over H1 total cash has gone from $7.4m to $81m, off set by total debt of just $9.2m. The net loss of $133.7m resulted largely from the non cash element of the loss on extinguishment of a loan of $87.4m.


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Balance sheet transformed. Bioseparations performing well. Sharp focus on value driving clinical priorities


ProMetic Life Sciences (PLI:TSE) | 0 0 1.3% | Mkt Cap: 1,075m


  • Published: 15 Aug 2019
  • Author: Derren Nathan
  • Pages: 6
  • Hybridan


Q2 2019 was a landmark quarter for Prometic with a recapitalisation comprising the conversion of $228.9m of debt and $114.4m in new equity issuance. Over H1 total cash has gone from $7.4m to $81m, off set by total debt of just $9.2m. The net loss of $133.7m resulted largely from the non cash element of the loss on extinguishment of a loan of $87.4m.



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