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WILEX
AG - improved financial outlook due to cost optimization
Munich, 12 July 2007. The Munich-based
biopharmaceutical company WILEX AG (ISIN DE0006614720/Frankfurt Stock
Exchange/Prime
Standard) revises
its financial guidance for 2007 due to optimization of the programme
for production of RENCAREX®* consistency lots and due to higher
than anticipated patient randomisation in countries with lower costs.
The Company expects to reduce expenses in the financial year 2007
by approximately 12 % below the original budget. Assuming a planned
project
progress and without additional cash inflow the available liquidity
of WILEX will probably reach until the first quarter of 2009 which
is beyond the previously published forecast of the second half of
2008.
Contact
Juliane Giese
Manager Public Relations
WILEX AG
Grillparzerstr. 10
81675 München
Germany
Tel.: +49 (0)89-41 31 38-29
Fax: +49 (0)89-41 31 38-99
Email: investors@wilex.com
Website: http://www.wilex.com
This communication contains certain forward-looking
statements, relating to the Company’s business, which can be
identified by the use of forward-looking terminology such as “estimates”, “believes”, “expects”, “may”, “will” “should” “future”, “potential” or
similar expressions or by general discussion of strategy, plans or
intentions of the Company. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may
cause our actual results of operations, financial condition, performance,
or achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or implied
by such forward-looking statements. Given these uncertainties, prospective
investors and partners are cautioned not to place undue reliance on
such forward-looking statements. We disclaim any obligation to update
any such forward-looking statements to reflect future events or developments.
Given these uncertainties, prospective investors and partners are cautioned
not to place undue reliance on such forward-looking statements. We
disclaim any obligation to update any such forward-looking statements
to reflect future events or developments.
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