March 9, 2017 / 6:08 AM / 7 months ago

BRIEF-Morphosys reports smaller than expected 2016 EBIT loss

March 9 (Reuters) - Morphosys AG

* Financial guidance for 2016 met in full

* Group revenues of eur 49.7 million (guidance: eur 47 to 52 million)

* EBIT of eur -59.9 million (guidance: eur -58 to -68 million)

* Strong cash position of eur 359.5 million at year-end (dec. 31, 2015: eur 298.4 million)

* In 2016, consolidated net result amounted to eur -60.4 million (2015: eur 14.9 million) Source text for Eikon: Further company coverage:

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