Brief: Paion FY net loss of 28.2 mln euros in line with its guidance

PAION AG

22/03/2016 06:30

March 22 (Reuters) - Paion Ag  PA8G.DE : 
    * FY net loss of 28.2 million euros ($31.74 million) meets 
range of 27 million euros to 29 million euros projected for 
fiscal year 2015 
    * Cash and cash equivalents decreased by 26.2 million euros 
compared to 31 december 2014 and amounted to 32.7 million euros 
as of 31 december 2015 
    * Does not expect revenues in 2016 as Remimazolam is still 
in development stage 
    * Says no significant revenues were realized in reporting 
period 
    * 2016 net loss is expected to decrease compared to prior 
year and to amount to approximately 24.5 million euros to 27.5 
million euros 
 
Source text for Eikon:  ID:nEQ8jkwlYa  
     
Further company coverage:  PA8G.DE  
 
($1 = 0.8883 euros) 
 
 (Gdynia Newsroom) 
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