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Kuros Biosciences AG Wagistrasse 25 8952 Schlieren, Switzerland http://kuros.ch
Contact Mr Michael Grau +41 44 733 47 47
Company logo of Kuros Biosciences AG
Kuros Biosciences AG

Kuros Biosciences Reports Results for First Half 2020

Financial and Operational Highlights

(PresseBox) (Schlieren, Zurich, Switzerland, )

CHF 16.0 million cash & cash equivalents, trade and other receivables as at June 30, 2020
Revenues increased to CHF 1.3 million driven by strong MagnetOs sales, up 42% versus H1 2019
Net operating costs of CHF 7.5 million led by higher marketing expenses
Several trial sites activated for the Fibrin-PTH phase II clinical study, ready to enroll patients
Strengthened Fibrin-PTH IP estate with U.S. patent covering PTH containing matrices for spinal fusion
MagnetOs preclinical data demonstrate superiority to market-leading synthetic bone grafts in spinal fusion
Positive clinical outcomes from investigator-led clinical study of MagnetOs


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