April 25, 2017 / 4:11 PM / 5 months ago

BRIEF-Transgene Q1 operating revenue down at EUR 1.9 mln

April 25 (Reuters) - Transgene SA:

* EUR 50.7 million ($55.5 million) in cash and cash equivalents as of March 31, 2017

* Q1 cash burn in line with expectations

* Q1 operating revenue EUR 1.9 million versus EUR 2.0 million year ago

* Cash, cash equivalents, available-for-sale financial assets and other financial assets stood at EUR 50.7 million as of March 31, 2017, compared to EUR 56.2 million as of December 31, 2016

* Cash burn was EUR 5.5 million in Q1 of 2017, versus EUR 8.2 million for same quarter last year

* Transgene confirms that it expects 2017 cash burn to be around EUR 30 million Source text for Eikon: Further company coverage: ($1 = 0.9141 euros) (Gdynia Newsroom)

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