Brief: Paion Expects Revenues Of About EUR 3 Mln In 2018

PAION AG

08/08/2018 06:38

Aug 8 (Reuters) - Paion AG  PA8G.DE :
    * REVENUES IN FIRST HALF-YEAR 2018 AMOUNTED TO EUR 0.5 MILLION COMPARED TO EUR 4.1 MILLION
YEAR
AGO
    * RESEARCH AND DEVELOPMENT EXPENSES AMOUNTED TO EUR 6.5 MILLION IN FIRST HALF-YEAR 2018
    * NET LOSS FOR FIRST HALF-YEAR 2018 AMOUNTED TO EUR 6.2 MILLION COMPARED TO A NET LOSS OF
EUR 5.8
MILLION YEAR AGO
    * CASH AND CASH EQUIVALENTS DECREASED BY EUR 1.6 MILLION IN FIRST HALF-YEAR 2018
    * EXPECTS REVENUES OF ABOUT EUR 3 MILLION IN 2018
    * IN CASE OF REGULATORY FILING IN U.S. IN Q4 2018, REVENUES WOULD INCREASE BY EUR 7.5
MILLION IN
2018
    * NET LOSS IS EXPECTED TO AMOUNT TO BETWEEN APPROX. EUR 12.5 MILLION AND APPROX. EUR 15
MILLION IN
2018
    * TO REQUIRE ADDITIONAL FUNDS OF ABOUT EUR 10 MILLION UNTIL FILING FOR REGULATORY APPROVAL
OF
REMIMAZOLAM IN EU

Source text for Eikon:  ID:nEQ75K2Yna 
Further company coverage:  PA8G.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))