𝔖 Bobbio Scriptorium
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Favourable results for Henkel in 1Q 2002


Publisher
Elsevier Science
Year
2002
Weight
39 KB
Volume
2002
Category
Article
ISSN
1351-4210

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✦ Synopsis


The increase in the net loss primarily reflects clinical trial costs incurred for the company's lead product, Surfaxin, currently in three Phase III trials and one Phase II trial. Selected updates on the company's progress in 1Q 2002 are included in the report. Revenues from collaborative agreements were $237,000 during 1Q 2002 ($456,000 in 1Q 2001). Expenses due to research and development were $2.605 M ($1.762 M in 1Q 2001). Discovery Laboratories Inc is a speciality pharmaceutical company leveraging its platform technology in humanized lung surfactants to develop potential novel respiratory therapies and pulmonary drug delivery products. Condensed consolidated statements of operations of the company for three months ended Mar 2001 and 2002, and condensed consolidated balance sheets data as of 31 Dec 2001 and 31 Mar 2002 are provided in two tables.


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