Biofrontera Reports Full Year 2019 Financial Results
Biofrontera AG - American Depositary Shares (BFRA)
US:NASDAQ Investor Relations:
biofrontera.com/en/investors/financial-reports.html
Company Research
Source: GlobeNewswire
Leverkusen, Germany, April 20, 2020 (GLOBE NEWSWIRE) -- Biofrontera AG (NASDAQ: BFRA; Frankfurt Stock Exchange: B8F) (the “Company”), an international biopharmaceutical company, today reported its financial results for the full year ended December 31, 2019 and provided an update on recent operational and clinical developments. Full Year 2019 Financial Highlights: Revenue increased 48% to EUR 31.3 million for the full year 2019 compared to EUR 21.1 million for the full year 2018; Net loss before taxes was EUR (4.8) million for the full year 2019 compared to EUR (19.3) million in the previous year; andCash and cash equivalents were EUR 11.1 million as of December 31, 2019 compared to EUR 19.5 million as of December 31, 2018. 2019 Operational and Clinical Development Highlights: Expanded research program with Maruho to further develop the branded generics program;Positive results of phase III study to treat actinic keratosis on the extremities, trunk/neck with Ameluz®;Acquisiti
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