DXB 1.64% 30.0¢ dimerix limited

Ann: Quarterly Commentary & Appendix 4C, page-2

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    AND here it is:
    DIMERIX 4C QUARTERLY CASH FLOW COMMENTARY AND
    STATEMENT
    Quarter highlights
    • Cash position of $3.85 million at 31 December 2019, up from $1.99 million in previous
    quarter
    • R&D Tax Incentive of $1.18 million received in October 2019
    • DMX-700 for Chronic Obstructive Pulmonary Disease pre-clinical studies initiated
    • Dimerix Awarded Second Innovation Connections Grant
    • Dimerix held pre-IND meeting on DMX-200 with FDA
    • $2.5 million placement to new and existing sophisticated investors completed in
    December 2019
    • Annual General Meeting held in Melbourne in November with all resolutions passed
    • Net operating cash flow for the December quarter was -$479,000
    MELBOURNE, Australia, 21 January 2020: Dimerix Limited (ASX: DXB), a clinical-stage
    biopharmaceutical company, today announced its Appendix 4C-Quarterly Cashflow. The
    Company has gained material traction and momentum across all of its target activities through
    the quarter, executing in line with the strategic plan. Cost management remains a key priority for
    the business, with the cost base being carefully managed to ensure delivery of a sustainable
    business beyond the current milestones.
    Dimerix ended the quarter with cash of $3.85 million, in line with the projected budget spend.
    Dimerix has two Phase 2 studies currently underway: DMX-200 for FSGS; and DMX-200 for
    Diabetic Kidney Disease, and an asset in pre-clinical development: DMX-700 for COPD.
 
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