===
EQS-Ad-hoc: Heidelberg Pharma AG / Key word(s): Change in Forecast
Heidelberg Pharma AG announces updated guidance
18-Jun-2024 / 13:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement
Disclosure of inside information under Article 17 of Regulation (EU) No 596/2014
Heidelberg Pharma AG Announces Updated Guidance
Ladenburg, Germany, 18 June 2024 - Heidelberg Pharma AG (FSE: HPHA), a clinical stage biotech company developing
innovative Antibody Drug Conjugates (ADCs), today announces that it has adjusted its guidance for the current fiscal
year published on 25 March 2024.
The Heidelberg Pharma Group expects for the financial year 2024 sales and other income between EUR 9.0 million and
EUR 12.0 million (previously: EUR 11.0 million to EUR 15.0 million). The reason for the lower sales is that expected
sales are likely to be delayed due to developments at the license partners. Operating expenses will remain between
EUR 36.0 million and EUR 40.0 million. Based on these adjustments, an operating result (EBIT) between EUR -25.5 million
and EUR -29.5 million is expected (previously: EUR -23.5 million to EUR -27.5 million).
For 2024, Heidelberg Pharma anticipates cash requirements of EUR 18.0 million to EUR 22.0 million (previously: EUR 28.0
million to EUR 32.0 million). Monthly cash consumption is expected to range between EUR 1.5 million and EUR 1.8 million
per month (previously: EUR 2.3 million and EUR 2.7 million). Based on the existing planning and available funds, the
company's financing is secured until mid-2025.
Taking into account a further expected payment of USD 75.0 million from HealthCare Royalty, the company assumes that
financing will be available until the end of 2026.
End of Inside Information
Information and Explanation of the Issuer to this announcement:
About Heidelberg Pharma
Heidelberg Pharma develops novel drugs based on its ADC technologies for the targeted and highly effective treatment of
cancer. ADCs are antibody-drug conjugates that combine the specificity of antibodies with the efficacy of toxins to
fight cancer. Selected antibodies are loaded with cytotoxic compounds, the so-called payloads, that are transported
into diseased cells. Inside the cells, the toxins then unleash their effect and kill the diseased cells.
Heidelberg Pharma is the first company to use the mushroom toxin Amanitin in cancer therapy by exploiting the toxin's
biological mechanism of action with its innovative ATAC technology as a new therapeutic modality. It offers the
opportunity to overcome resistance of cancer cells against therapeutic agents currently used and to eliminate dormant
tumor cells, which typically survive current therapies and are responsible for tumor relapse and metastasis. This could
lead to significant advances in cancer therapy - even for patients who no longer respond to any other treatment. The
most advanced product candidate HDP-101 is a BCMA-ATAC for the indication multiple myeloma, which is currently in
clinical development.
In addition to Amanitin, alternative payloads also expand the ADC platform technologies of Heidelberg Pharma to develop
targeted and highly effective ADCs for the treatment of a variety of malignant hematologic and solid tumors.
Heidelberg Pharma AG is a biopharmaceutical company based in Ladenburg, Germany, and is listed on the Frankfurt Stock
Exchange: ISIN DE000A11QVV0 / WKN A11QVV / Symbol HPHA. More information is available at www.heidelberg-pharma.com.
ATAC^® is a registered trademark of Heidelberg Pharma Research GmbH.
Contact

Heidelberg Pharma AG                   IR/PR-Support 
Sylvia Wimmer                          MC Services AG 
Director Corporate Communications      Katja Arnold (CIRO) 
Tel.: +49 89 41 31 38-29               Managing Director & Partner 
E-mail: investors@hdpharma.com         Tel.: +49 89 210 228-40 

Gregor-Mendel-Str. 22, 68526 Ladenburg E-mail: katja.arnold@mc-services.eu

International IR/PR-Support
Optimum Strategic Communications
Mary Clark, Zoe Bolt, Katie Flint
Tel: +44 20 3882 9621
E-mail: HeidelbergPharma@optimumcomms.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 a general discussion of the Company's strategy, plans or intentions. 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.

-----------------------------------------------------------------------------------------------------------------------

18-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

-----------------------------------------------------------------------------------------------------------------------

===

Language:     English 
Company:      Heidelberg Pharma AG 

Gregor-Mendel-Str. 22
68526 Ladenburg
Germany

Phone:        +49 (0)89 41 31 38 - 0 
Fax:          +49 (0)89 41 31 38 - 99 
E-mail:       investors@hdpharma.com 
Internet:     www.heidelberg-pharma.com 
ISIN:         DE000A11QVV0 
WKN:          A11QVV 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1927813

End of Announcement EQS News Service
===
1927813 18-Jun-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1927813&application_name=news

END) Dow Jones Newswires

June 18, 2024 07:47 ET (11:47 GMT)