Ablynx' loss deepens 21.6% to 14.3M euros
Belgian biopharmaceutical firm Ablynx' full-year 2008 loss deepened 21.6% on the year before to 15.2 million euros ($19.2 million), as the deficit from continuing operations before tax and net finance income increased to 20.6 million euros from 14.3 million euros in 2007.
The Ghent-based firm, a pioneer in the discovery and development of a novel class of antibody-derived therapeutic proteins called Nanobodies, has yet to record sales on any of its co-developed products.
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