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BRIEF-Paion Q1 revenues at EUR 2.051 mln
May 10, 2017 / 5:49 AM / 4 months ago

BRIEF-Paion Q1 revenues at EUR 2.051 mln

May 10 (Reuters) - PAION AG:

* PAION AG PUBLISHES GROUP QUARTERLY STATEMENT FOR THE FIRST QUARTER OF 2017

* REVENUES IN Q1 OF 2017 AMOUNTED TO EUR 2.051 MLN COMPARED TO EUR 3 MLN IN PRIOR-YEAR PERIOD

* NET LOSS FOR Q1 2017 AMOUNTED TO EUR 2.218 MLN

* CASH AND CASH EQUIVALENTS DECREASED BY EUR 1.379 MLN IN Q1 2017

* PAION CONFIRMS ITS OUTLOOK FOR 2017 MADE ON 16 MARCH 2017 WITH PUBLICATION OF 2016 FINANCIAL RESULTS

* PAION‘S MAJOR GOALS FOR 2017 ARE CONTINUATION AND COMPLETION OF ONGOING CLINICAL DEVELOPMENT PROGRAM IN U.S. AND HANDOVER OF COMPLETED WORK TO COSMO

* POSITIVE DATA ANNOUNCED IN U.S. SAFETY TRIAL WITH REMIMAZOLAM IN HIGH-RISK COLONOSCOPY PATIENTS

* FINANCIAL RESULTS IN LINE WITH PLAN Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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