Transgene SA announced revenue results for the quarter ended March 31, 2017. For the quarter, operating revenue was EUR 1.9 million against EUR 2.0 million a year ago.

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.