Biofrontera falls as Q1 revenue misses, CEO resigns

Biofrontera

12/05/2023 19:13

** Drug developer Biofrontera Inc's  BFRI.O  shares fall
28.6% to $0.40
    ** Stock set for biggest one-day pct drop in over a year
    ** Company reports Q1 revenue of $8.73 mln vs est $9.15 mln
- Refinitiv
    ** Biofrontera says Chief Executive Officer Erica Monaco
will step down   
    ** Hermann Luebbert, BFRI's executive chairman and founder,
will assume role of CEO
    ** Including session moves, stock down ~51% YTD

 (Reporting by Mariam Sunny in Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com))