Affitech A/S
Euro 1.5 million short term loan provided by Trans Nova

Affitech A/S 

19.07.2012 08:00

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Release no. 20/2012

Copenhagen and Oslo, 19th July, 2012, 2012-07-19 08:00 CEST (GLOBE NEWSWIRE) --
Affitech A/S, (NASDAQ OMX: AFFI), the antibody medicines company, announced
today Trans Nova Investment Limited (Trans Nova), the largest shareholder in
Affitech A/S with 71.3% ownership, has agreed to provide Affitech a short term
loan of Euro 1.5 million paid out in three tranches of 0.5 million Euro in
July, August and September 2012. 



The Euro 1.5 million will in the short term finance Affitech's current
operations including the operations of Affitech's subsidiary in Norway,
Affitech Research AS, until Affitech's total financing needs have been
determined and resolved in the longer term. This is expected to happen before
the loan's due date on 16th October, 2012. The interest rate is three month
EURIBOR (Euro Interbank Offered rate) +2 percent. 



About Affitech

Affitech A/S is a publicly traded (NASDAQ OMX Copenhagen) human therapeutic
antibody company based in Copenhagen, Denmark with R&D facilities in Oslo,
Norway. The Company utilizes a range of proprietary antibody technologies for
the discovery of fully human antibodies for application in oncology,
inflammation and other disease areas. CBAS(TM) (Cell Based Antibody Selection) is
Affitech's premier discovery engine for the isolation of lead antibodies to
cell surface molecules. Affitech co-develops its two lead antibody drug
programs AT001/r84 and AT008/CCR4 with Russian partner IBC Generium. The
Company's initial focus is on rapid and cost effective development by
partnering clinical trials in emerging markets. Further information is
available at www.affitech.com. 



Disclaimer
This announcement may contain forward-looking statements including statements
about Affitech's expectations of the progression of its pipeline including the
timing for commencement and completion of clinical trials and with respect to
cash burn guidance. Such statements are based on Management's current
expectations and are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements. Affitech cautions investors that there can be no
assurance that actual results or business conditions will not differ materially
from those projected or suggested in such forward-looking statements as a
result of various factors, including, but not limited to, the following: risks
associated with technological development, the risk that research & development
will not yield new products that achieve commercial success, the impact of
competition, the ability to transact viable and profitable commercial deals,
the risk of non-approval of patents not yet granted, and difficulties of
obtaining relevant governmental approvals for new products. No expressed or
implied representations or warranties are given concerning Affitech A/S or the
accuracy or completeness of the information provided herein, and no claims
shall be made by the recipient of this news release by virtue of the
information contained herein. 


         Contact:
         
         Randi Krogsgaard, Director IR & Corporate Communications
         
         Tel # +45 2320 1001, e-mail: ir@affitech.com
News Source: NASDAQ OMX



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Language:     English
Company:      Affitech A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0015966592
WKN:          
 
End of Announcement                             DGAP News-Service
 
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