BRUSSELS Aug 24 Belgian biotech company
ThromboGenics (THR.BR) said on Wednesday it had substantially
increased investment in marketing with a view to launching its
lead drug at the end of 2012.
The Belgian company plans to seek regulatory approval in
Europe and the United States for its eye disease treatment
ocriplasmin before the end of the year.
ThromboGenics said it had cash of 96.4 million euros ($135.8
million) at the end of June, compared with 61.2 million euros at
the same time a year earlier.
Its revenue shrank to 2.4 million euros in the first half of
2011, resulting in a net loss of 10.2 million euros. In the
first six months of 2010, it lost 2.7 million euros on revenues
of 6.1 million euros.
Ocriplasmin is designed to treat symptomatic vitreomacular
adhesion, a condition at the back of the eye in which vitreous
gel sticks more than normal to the retina, affecting sight and
potentially leading to blindness.
ThromboGenics focuses on developing drugs for conditions
related to the vascular system, such as cardiovascular disease,
visual disorders and cancer.
The company listed on Euronext Brussels in July 2006.
(Reporting by Philip Blenkinsop)