Home > News > Biotech Stock Alert for BioSante Pharmaceuticals Inc. Issued by Beacon Equity
March 12th, 2010
Biotech Stock Alert for BioSante Pharmaceuticals Inc. Issued by Beacon Equity
Abstract:
"BPAX incurred a net loss of approximately $6.4 million or ($0.21) per share for the quarter ended September 30, 2009, compared to a net loss of $6.6 million or ($0.24) per share for the same period in 2008. This decrease in net loss was due to BPAX's decision in April 2009 to delay screening of new subjects for its ongoing LibiGel® (testosterone gel) phase III safety study, partially offset by the recognition of acquisition related costs of approximately $1.5 million related to the Company's merger with Cell Genesys Inc., which closed October 14, 2009. Screening of new subjects for the safety study has been reinitiated.
Source:
benzinga.com
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