Breaking News, Financial News

Financial Report: Anacor Pharmaceuticals

Development milestone boost results

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Anacor Pharmaceuticals   4Q Revenues: $3.3 million (+27%) 4Q Loss: $12.5 million (loss of $14.5 million 4Q11) FY Revenues: $10.7 million (revenues were $20.3 million FY11) FY Loss: $56.1 million (loss of $47.9 million FY11) Comments: Growth in the quarter was primarily due to the $1.0 million development milestone under a collaboration with Lilly, partially offset by decreases in revenues from our neglected diseases programs. R&D expenses were down 14% to $12.0 million in the quarter....

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters