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Neurosearch A/S (NEUR.CO)

NEUR.CO on Copenhagen Stock Exchange

3.56DKK
24 May 2017
Change (% chg)

kr.0.02 (+0.56%)
Prev Close
kr.3.54
Open
kr.3.53
Day's High
kr.3.62
Day's Low
kr.3.53
Volume
27,222
Avg. Vol
104,566
52-wk High
kr.4.49
52-wk Low
kr.2.20

Latest Key Developments (Source: Significant Developments)

Neurosearch FY operating loss flat at DKK 6.3 million
Friday, 24 Feb 2017 06:10am EST 

Neurosearch A/S : Fy operating loss 6.3 million Danish crowns ($897,550.97) versus loss 6.5 million crowns year ago . Fy net profit 22.8 million crowns versus loss 5.5 million crowns year ago . In 2017, Neurosearch expects an operating loss in range of 4.5-5.5 million crowns . 2016 income after tax on continuing operations of 22 million crowns (2015: loss of 7 million crowns) . Outlook does not include any income from possible sale of company assets . Says CFO will be leaving the company during the spring .Says continues to dispose of the remaining assets and liabilities, and the possibility of selling the company is kept open.  Full Article

NeuroSearch announces main components of resolution plan
Tuesday, 22 Nov 2016 05:53am EST 

NeuroSearch A/S : Sets resolution plan after Danish Supreme Court found co guilty of market manipulation based on events occurring in H1 2010 . Says will scan market for potential buyers of NeuroSearch and underlying tax loss . Will initiate process to identify any possibilities of divesting co's entitlement to potential milestone payments . Says Board of NsGene, in which NeuroSearch holds 26.8 pct stake, has advanced plans to close down company at beginning of 2017; co may be entitled to receive small single-digit million Danish crown amount in 2017 . Costs relating to 5 million Danish crown ($714,572) fine and legal expenses for recently closed Supreme Court case will be incurred in 2016 . In 2016 expects operating loss in range of 4 million - 6 million crowns .Intends to further above-mentioned initiatives during coming months and to present to shareholders at 2017 AGM reasoned proposal for how to proceed with resolution of company.  Full Article

Neurosearch to pay a fine of DKK 5 million
Monday, 14 Nov 2016 06:19am EST 

Neurosearch A/S : The Danish Supreme Court today upheld Eastern High Court's decision according to which the company had been found guilty of market manipulation . Company was ordered to pay a fine of 5 million Danish crowns ($725,000) . Chairman says "with this ruling, company will work with a view to rapidly decide future of company" .Judgment does not affect company's expectations for annual results in 2016.  Full Article

Neurosearch H1 operating loss narrows to DKK 1.4 million
Wednesday, 31 Aug 2016 02:37am EDT 

Neurosearch A/S : H1 operating loss 1.4 million Danish crowns versus loss 3.0 million crowns year ago . H1 loss after tax of continuing operations 1.7 million crowns versus loss of 3.0 million crowns year ago .In 2016 expects operating loss in range of 4 million - 6 million crowns.  Full Article

NeuroSearch to transfer drug candidates ACR325 and ACR343 to Saniona
Tuesday, 31 May 2016 07:01am EDT 

NeuroSearch A/S : Signs agreement to transfer the two drug candidates ACR325 and ACR343 to Saniona . Gained ownership of two drug candidates in 2006 as part of acquisition of Swedish company Carlson Research . Saniona assumes the costs of maintaining the patent rights to ACR325 and ACR343 . Says will not receive any cash or any other consideration in connection with signing of the agreement . Under deal NeuroSearch is entitled to up to 20 percent of milestones and royalties that Saniona may obtain in connection with further development of two drugs as well as of any potential drugs based on them that may reach market .Agreement does not affect previously released guidance for 2016 of operating loss in range of 4 million Danish crowns - 6 million Danish crowns ($899,955.00)($599,970.00).  Full Article

NeuroSearch says Danish Appeals Permission Board grants leave of appeal; maintains FY 2016 outlook
Wednesday, 16 Mar 2016 09:45am EDT 

NeuroSearch A/S:Says Danish Appeals Permission Board has granted company leave of appeal to Supreme Court of the judgment by Eastern Division of the Danish High Court.Says High Court fined the company 5 million Danish crowns for violation of prohibition against price manipulation​.In FY 2016 expects operating loss in range of 4 million - 6 million crowns including income from Saniona.  Full Article

NeuroSearch A/S gives FY 2016 operating loss guidance
Friday, 4 Mar 2016 02:59am EST 

NeuroSearch A/S:In FY 2016 expects operating loss in range of 4 million-6 million Danish crowns including income from Saniona​.  Full Article

NeuroSearch comments on FY 2015 guidance
Thursday, 19 Nov 2015 02:58am EST 

NeuroSearch A/S:In FY 2015 expects operating loss in range of 7 million - 9 million Danish crowns.  Full Article

NeuroSearch A/S to appeal market manipulation judgment to Supreme Court
Wednesday, 28 Oct 2015 09:49am EDT 

NeuroSearch A/S:Seeks to appeal market manipulation judgment to the Supreme Court.Board of directors has carefully reviewed judgment and finds that on material points it hasn't applied a fully correct interpretation of market manipulation rules.Anticipated loss for current financial year will stay at an anticipated loss of about 7 million - 9 million Danish crowns.  Full Article

NeuroSearch convicted of market manipulation
Wednesday, 14 Oct 2015 05:54am EDT 

NeuroSearch A/S:Has been convicted of market manipulation.Says company was ordered to pay a fine of 5 million Danish crowns.Court held NeuroSearch liable for the announcement containing incorrect or misleading signals about the price of the company's shares contrary to the prohibition against market manipulation.Parties now have two weeks to decide if judgment should be appealed, with permission of appeals permission board, to Danish Supreme Court.Says if not appealed, judgment will imply that company's anticipated loss for current financial year will stay at an anticipated loss of about 7 million - 9 million crowns.  Full Article

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BRIEF-Neurosearch FY operating loss flat at DKK 6.3 million

* Fy operating loss 6.3 million Danish crowns ($897,550.97) versus loss 6.5 million crowns year ago