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BioLineRx Reports Third Quarter 2013 Financial Results
Date:11/13/2013

oduces positive results, we hope to commence a Phase 2 efficacy study for BL-7010 by the end of next year." 

New Board member:

  • Appointed BJ Bormann, Ph.D., to Board of Directors
  • "As we look forward to a year full of significant milestones for our Company, we are excited to welcome Dr. BJ Bormann to our Board of Directors. We expect her vast experience and knowledge in the healthcare space to assist us in reaching new heights in our discovery and partnering initiatives. Her most recent position as Senior Vice President and Worldwide Head of Therapeutic Alliances and Strategic Partnerships at Boehringer Ingelheim Pharmaceuticals, as well as her former role as Vice President, Strategic Alliances, at Pfizer, Inc., are testaments to her extensive credentials. We are confident that she will be an essential addition to our Board."

    Upcoming Analyst and Investor Day

  • Thursday, November 21, 2013 in New York City
  • "Later this month, Dr. Bormann, as well as our entire management team, will join several other distinguished speakers to discuss selected programs from our broad pipeline at our annual Analyst and Investor Day in New York. We are looking forward to this event, as it is a wonderful opportunity for our management team to engage directly with the investment community and provide detailed updates on our operational and developmental progress. As our programs advance through the clinic, we will continue to keep our loyal shareholders and potential investors fully updated of our progress," concluded Dr. Savitsky.

    Financial ResultsDuring the three-month and nine-month periods ended September 30, 2013 and 2012, no revenues were recorded.

    Research and development expenses for the three months ended September 30, 2013 were NIS 8.2 million ($2.3 million), a decrease of NIS 7.7 million ($2.2 million), or 48%, compared to NIS 15.9 million ($4.5 million) for the three months ended September 30, 2012. The decrease r
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    SOURCE BioLineRx Ltd.
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