Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 June, 2017 11:04 IST
Lion Biotechnologies first-quarter loss widens on a YOY basis
Source: IRIS | 20 Jun, 2017, 02.04AM

Powered by IRIS XBRL Data
Comments  |  Post Comment

Lion Biotechnologies, Inc (LBIO) saw its loss widen to $20.68 million, or $0.33 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $6.88 million, or $0.14 a share. On the other hand, adjusted net loss for the quarter widened to $17.39 million, or $0.28 a share from a loss of $5.10 million or $0.10 a share, a year ago.  

The company has not recorded any revenues for the current as well as previous quarter.

Operating loss for the quarter was $20.88 million, compared with an operating loss of $7.01 million in the previous year period.

“We started 2017 with a clear focus on execution toward expanding our manufacturing capacity, our clinical program, and initiation of engagement with health authorities. During the first quarter of 2017, we increased our manufacturing capacity and are now focused on expansion of our clinical program as well as access to clinical data through collaborations. I am very excited about our recently announced collaboration with MD Anderson, which allows us access to rare patient populations as well as a new method of manufacturing TIL using the MD Anderson process. Lion now has strategic relationships with leading academic and governmental institutions in the U.S. researching TIL technology including the NCI, MD Anderson, and the H. Lee Moffitt Cancer Center as well as one of a leading institution in Europe, the Karolinska Institute, providing Lion the ability to pursue a much broader clinical program than would otherwise be possible as a standalone company,” said Dr. Maria Fardis, PhD, MBA, Chief Executive Officer of Lion Biotechnologies. “With this new collaboration in place, by year-end we may have partner-sponsored trials in pancreatic, glioblastoma, ovarian cancer, various sarcomas and melanoma combination trials with three of the approved checkpoint inhibitors in addition to the three ongoing Lion-sponsored TIL clinical studies in metastatic melanoma, head and neck and cervical cancers. This gives us a robust pipeline based on our TIL technology.”

Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
US Equities
Entegris first-quarter profit jumps 100.56 percent on a YOY basis - 24-Jun-2017 13:42
MarineMax first-quarter profit rises 10.45 percent on a YOY basis - 24-Jun-2017 11:57
Safeguard Scientifics first-quarter loss widens on a YOY basis - 24-Jun-2017 03:18
Radian Group first-quarter profit rises 15.43 percent on a YOY basis - 24-Jun-2017 03:02
Radian Group first-quarter profit rises 15.43 percent on a YOY basis - 24-Jun-2017 03:02
Patrick Industries first-quarter profit jumps 34.62 percent on a YOY basis - 24-Jun-2017 02:43
US Ecology first-quarter earnings plunge by 31.02 percent on a YOY basis - 24-Jun-2017 02:24
Bottomline Technologies third-quarter loss widens on a YOY basis - 24-Jun-2017 01:40
Bjs Restaurants first-quarter earnings decline by 20.42 percent on a YOY basis - 24-Jun-2017 00:28
WSFS Financial Corp first-quarter profit rises 20.08 percent on a YOY basis - 23-Jun-2017 22:22
Trimas Corp first-quarter earnings decline by 15.78 percent on a YOY basis - 23-Jun-2017 21:27
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer