BiondVax Issues Clarification Regarding Third Quarter 2018 Financial Results
BiondVax Pharmaceuticals Ltd. - American Depositary Shares (BVXV)
US:NASDAQ Investor Relations:
biondvax.com/investors
Company Research
Source: PR Newswire
JERUSALEM, Nov. 19, 2018 /PRNewswire/ -- BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV), a Phase 3 clinical stage biopharmaceutical company focused on developing and commercializing M-001, a universal flu vaccine candidate, today issued a clarification regarding information published on November 13, 2018 in connection with the third quarter financial results. As correctly indicated in the financial tables filed on November 14, 2018 in a 6-K with the United States Securities And Exchange Commission (SEC), third quarter operating expenses were NIS 5.8m (US$1.6m), while cumulative operating expenses for the nine months ending September 30, 2018 were NIS 49.1m (US$13.5m). As well, third quarter R&D expenses amounted to NIS 4.3m (US$1.2m), while cumulative R&D expenses for the nine months ending September 30, 2018 were NIS 45.3m (US$12.5m).Note that results are in New Israel Shekels (NIS) and the convenience translation to $US is provided using the exchange rate of 3.627 (NIS/$US) as at Sept
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