{"id":2080,"date":"2020-05-15T11:20:49","date_gmt":"2020-05-15T11:20:49","guid":{"rendered":"http:\/\/www.peptonicmedical.se\/?p=2080"},"modified":"2022-08-17T21:03:04","modified_gmt":"2022-08-17T21:03:04","slug":"interim-report-period-from-january-to-march-2020","status":"publish","type":"post","link":"https:\/\/www.peptonicmedical.se\/en\/interim-report-period-from-january-to-march-2020\/","title":{"rendered":"Interim Report period from January to March 2020"},"content":{"rendered":"\n<p>Peptonic Medical AB (publ) org nr 556776-3064<br>(<a href=\"https:\/\/www.spotlightstockmarket.se\/\">www.spotlightstockmarket.se<\/a>&nbsp;; ticker: PMED)<\/p>\n\n\n\n<h3>2020 first quarter (Jan-Mar)<\/h3>\n\n\n\n<ul><li>Net sales of products KSEK 1,781 (1,477)<\/li><li>Gross profit KSEK 985 (802), Gross margin 55% (55%)<\/li><li>Operating loss KSEK -5,807 (-4,135)&nbsp;<\/li><li>Loss per share SEK -0.04 (-0.05)&nbsp;<\/li><\/ul>\n\n\n\n<h3>Important events during the period<\/h3>\n\n\n\n<p><strong>13<sup>th<\/sup>&nbsp;February, 2020<\/strong> &#8211; Peptonic Medical AB announced that it has received a purchase order from its Chinese partner&nbsp;Shijiazhuang Yuanjia Biotechnology&nbsp;&nbsp;Co. Ltd. (&#8220;Yuanjia Bio&#8221;) for 53,000 units of&nbsp;VagiVital\u00ae&nbsp;for delivery in May 2020. The Products are to be used for collecting user experience data and for building brand awareness among gynaecologists and gynaecology clinics across the country.&nbsp;&nbsp;The Products will be distributed and sold via Yuanjia Bio&#8221;s extensive distribution network and on-line via the local VagiVital\u00ae&nbsp;webshop (<a href=\"https:\/\/www.vagivial.cn\/\">www.vagivial.cn<\/a>).<\/p>\n\n\n\n<p><strong>On 25th&nbsp;February, 2020<\/strong> &#8211; Peptonic Medical AB announced that it has submitted a so called 510(k) application to the US Food and Drug Adminstration (FDA) to obtain approval to market and sell VagiVital\u00ae&nbsp;in the USA.<\/p>\n\n\n\n<h3>Important events after the end of the period<\/h3>\n\n\n\n<p><strong>9<sup>th<\/sup>&nbsp;April, 2020<\/strong> &#8211; Peptonic Medical AB announced that its self-care product VagiVital\u00ae will be available for purchase in all eighty LloydsApotek&#8217;s retail shops in Sweden from May this year.&nbsp;Already VagiVital\u00ae is available for purchase at Apoteket AB (in 250 retail shops and online shop), Kronans Apotek (in 170 retail shops and online shop), Apoteksgruppen (40 retail shops) and at the Apoteket Hj\u00e4rtats online shop (www.apotekthjartat.se). In addition, VagiVital\u00ae can be purchased on&nbsp;&nbsp;www.apotea.se, www.meds.se,&nbsp;&nbsp;www.apotek365.se and at www.apohem.se . The Company also announces that, so far, the Covid-19 pandemic hasn&#8217;t had a negative impact on the manufacturing or supply of VagiVital\u00ae.<\/p>\n\n\n\n<p><strong>May 7<sup>th<\/sup>, 2020<\/strong> &#8211; Peptonic Medical AB announced that the Company has filed a patent application concerning the use of its self-care vaginal gel VagiVital\u00aefor the treatment of vulvar vestibulitis syndrome (VVS). The background of this potential indication expansion is the pronounced symptom relief experienced by many women suffering from VVS after having used VagiVital\u00ae. In a recently conducted survey among women that had been diagnosed with VVS the proportion of respondents that rated their VVS symptoms as \u2018unbearable\u2019 or \u2018severe\u2019 decreased from 71 to 24 per cent after having used VagiVital\u00ae for one month or longer.<\/p>\n\n\n\n<p><strong>May 14th , 2020 <\/strong>&#8211; Peptonic Medical AB (publ) (\u2019Peptonic\u2019 or \u2019Company\u2019) announced that it has filed a patent application for and intimate wash based on the Company\u2019s vaginal gel VagiVital\u00ae and a specifically selected oil. The market as well as the number of applications of products for intimate health are growing. And fastest of these the intimate washes, that can generally be divided into soaps and oils. The challenge for an intimate wash is to clean without causing problems in this delicate area of the body. Peptonic has identified a method to meet this challenge by developing an intimate wash based on its gentle and water-based vaginal gel VagiVital\u00ae in combination with an oil. This combination will give the product a unique position on the market, which is why the patent application has been filed.<\/p>\n\n\n\n<h3>From the CEO<\/h3>\n\n\n\n<p>Although this report is supposed to reflect and comment on events during the three first months of the year, it will be rather forward looking given to the big news of the day in Peptonic.<\/p>\n\n\n\n<p>No one has avoided to be affected by the Covid-19 pandemic during the first months of the year. This relates to both our private lifes and businesses. Strong recommendations by the Public Health Agency in Sweden to stay home, only to travel if really necessary, avoid meeting people etc. has clearly decreased the number of pharmacy visits.&nbsp;&nbsp;This, in turn, has decreased sales in retail pharmacy shops, which also can be seen in the sales of VagiVital. After having reached sales records in January and February, retail sales in March dropped markedly. On-line sales didn\u2019t decrease by the same magnitude. On a positive note, Lloydsapotek will start selling VagiVital in all of their 80 retail shop from mid May.<\/p>\n\n\n\n<p>F\u00f6rs\u00e4ljningen via n\u00e4tbutikerna i Norge och Danmark har utvecklats v\u00e4l. \u00c4nnu \u00e4r volymerna sm\u00e5, men trenden \u00e4r klart positiv.<\/p>\n\n\n\n<p>Sales of VagiVital via the webshops in Norway and Denmark has increased month by month.&nbsp;Although volumes are still small, the trend is clearly positive.<\/p>\n\n\n\n<p>The order to China of 53,000 unis will be shipped this month, which is good news. The products will be used for introducing the product and the brand to gynaecologists and prescribers. Users of the product will be asked to participate in a survey to collect \u2019real life experience\u2019 data, which will be used to support the registration application in China.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Recently, we have submitted two patent applications. One relates to the use of VagiVital to treat symptoms associated with vestibulodynia. The other relates to an intimate wash formulation based on VagiVital in combination with an oil. We now investigate the prerequisites for expanding the indication of VagiVital to also include vestibulodynia. It may require a small clinical study. The intimate wash is an in-house development project. The product is planned to be launched during Q1 2021.<\/p>\n\n\n\n<p>The recruitment to the clincal study on breast cancer patients has stopped due to the Covid-19 epidemic. The patients already enrolled will complete the study, but some measurement cannot be performed because the study subject are not allowed to visit the clinic. The last patients are due to exit the study in June. Results of the study are expected during Q3 2020.<\/p>\n\n\n\n<p>Financial loss for the period was -5,807 Mkr.&nbsp;Sales were 1,781 Mkr.&nbsp;Marketing, manuractruring, transportation, distribution and business development costs were 4,4 Mkr.&nbsp;<\/p>\n\n\n\n<p>Under \u00e5rets f\u00f6rsta m\u00e5nader har mycket arbetet lagts ner p\u00e5 granskningen (s\u00e5 kallad \u2019due diligence\u2019) av Lune Group Oy Ltd. inf\u00f6r ett eventuellt f\u00f6rv\u00e4rv. Vi har grundligt tittat p\u00e5 bolagets hela verksamhet, men framf\u00f6r allt p\u00e5 f\u00f6rs\u00e4ljningen i olika l\u00e4nder \u2013 b\u00e5de fysiskt och on-line. Vi har gjort djupare analyser av den finansiella delen av verksamheten, samt av den fysiska och digitala f\u00f6rs\u00e4ljningen.<\/p>\n\n\n\n<p>During the first three months of the year much time and effort has been invested in the due diligence project related to the contemplated acquisition of Lune Group Oy Ltd.&nbsp;(Finland).&nbsp;We have thoroughly looked at the entire business of the company, in particular, at its global sales \u2013 both retail and on-line. We have performed deep analysis of the financials of the business, and of the physical and digital sales activities.<\/p>\n\n\n\n<p>An important part of the mission of Peptonic is to grow and expand the product portfolio within women\u2019s health i.e. through in-house product development, distribution collaborations or acquisitions. Through the acquisition of the Lune Group Oy, Peptonic takes a big and important leap in building its business for the future. The acquisition enables the merger of two strong brands within women\u2019s health and selfcare with several synergies already identified. Through the acquisition of Lune, Peptonic gets access to a global distribution network that is already up and running, also in the USA. This allows VagiVital to be launched sooner than previously planned. With the two brands Lunette\u00e2&nbsp;and VagiVital\u00e2&nbsp;the Company\u2019s customer base is broadened to cover women of all ages. \u2013 from the teens to post menopause. This provides the possibility to grow sales of current and future products through smart product positioning, in-house product development and new collaborations. Peptonic also becomes more attractive as a collaboration partner, both in new markets and for companies looking for partners for the Nordic markets. Through this acquisition Peptonic\u2019s view on the importance of a sound use of pharmaceuticals and evidence based and sustainable selfcare.<\/p>\n\n\n\n<p>Lunette&nbsp;(<a href=\"https:\/\/www.lunette.com\/\">www.lunette.com<\/a>)&nbsp;was founded in 2005 by Heli Kurjanen and has earned its place as a top global menstrual cup company through its continued focus on quality, safety, sustainability and inclusivity. Lunette has experienced year-over-year double digit growth since its inception resulting from its tireless commitment to reproductive rights and global sustainability. Lunette employs 15 people of which 2 in US through its subsidiary Lune North America. All of Lunette\u2019s products are made in its home country of Finland. Lunette products are sold in approx. 40 countries via retail and in approx. 100 countries on-line. Sales in 2019 were 3.7 MEUR and EBITDA 9 TEUR.<\/p>\n\n\n\n<p>Now we are looking forward to an exciting future in Peptonic.<\/p>\n\n\n\n<p><strong>Stockholm, May 14<sup>th<\/sup>,&nbsp;&nbsp;2020<\/strong><br>Johan Inborr, CEO<\/p>\n\n\n\n<h3>Download report<\/h3>\n\n\n\n<p>For more detailed information, including the report in figures, please refer to the PDF version.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.peptonicmedical.se\/wp-content\/uploads\/2020\/05\/PeptonicMedical_Interim-report_Jan-March-2020_ENG.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download report (PDF) \u00bb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peptonic Medical AB (publ) org nr 556776-3064(www.spotlightstockmarket.se&nbsp;; ticker: PMED) 2020 first quarter (Jan-Mar) Net sales of products KSEK 1,781 (1,477) Gross profit KSEK 985 (802), Gross margin 55% (55%) Operating loss KSEK -5,807 (-4,135)&nbsp; Loss per share SEK -0.04 (-0.05)&nbsp; Important events during the period 13th&nbsp;February, 2020 &#8211; Peptonic Medical AB announced that it has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/posts\/2080"}],"collection":[{"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/comments?post=2080"}],"version-history":[{"count":2,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/posts\/2080\/revisions"}],"predecessor-version":[{"id":2083,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/posts\/2080\/revisions\/2083"}],"wp:attachment":[{"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/media?parent=2080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/categories?post=2080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peptonicmedical.se\/en\/wp-json\/wp\/v2\/tags?post=2080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}