Transgene SA Announces Revenue Results for the Quarter Ended March 31, 2017; Provides Cash Burn Guidance for 2017
Transgene confirms that it expects 2017 cash burn to be around EUR 30 million, which includes the development plan as currently programmed, as well as a $4 million milestone payment to SillaJen Inc. This payment will be made in the second quarter of 2017 following the inclusion of the first patient in Europe in the Phase 3 trial evaluating Pexa-Vec in patients with advanced liver cancer.