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Financial Reports: Tranzyme Pharma

Revenues decline 27% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Tranzyme Pharma 4Q Revenues: $1.6 million (-27%) 4Q Loss: $4.9 million (loss of $8.0 million 4Q11) FY Revenues: $8.4 million (-17%) FY Loss: $22.8 million (loss of $22.2 million FY11) Comments: Decrease in revenue was primarily due to changes in the amortization period for revenue from the Bristol-Myers Squibb collaboration. R&D expenses were $3.5 million in the quarter compared to $7.7 million in 4Q11. The decrease was primarily due to a reduction in Phase III trial expenses for ulimor...

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