Regeneus reports first half-year profit, funded for eighteen months

Regeneus (ASX:RGS) reported a $3.8 million profit in the first half of FY17 after coming off a $3.1 million loss in FY16.

The profit improvement was driven by the receipt of an upfront licence fee from AGC of Japan (TYO:5201) valued at US$5.5 million, which supports an 18 month funding runway.

Read the full article by Proactive Investors here.