Brief: Paion Q1 Net Loss At EUR 3.2 Mln

PAION AG

08/05/2019 06:41

May 8 (Reuters) - PAION AG  PA8G.DE :
    * PUBLISHES GROUP QUARTERLY STATEMENT FOR THE FIRST QUARTER
OF
2019
    * CASH AND CASH EQUIVALENTS OF EUR 15.6 MILLION AS OF 31
MARCH
2019
    * U.S. MARKET APPROVAL AND SUBSEQUENT LAUNCH OF REMIMAZOLAM
CAN BE
EXPECTED IN 2020
    * IN Q1 OF 2019, NO REVENUES WERE REALIZED
    * RESEARCH AND DEVELOPMENT EXPENSES AMOUNTED TO KEUR 3,063
IN Q1
OF 2019 (PRIOR-YEAR PERIOD: KEUR 3,360)
    * NET LOSS FOR Q1 OF 2019 AMOUNTED TO KEUR 3,241 (NET LOSS
IN
PRIOR-YEAR PERIOD: KEUR 3,125).
    * CONFIRMS ITS OUTLOOK FOR CURRENT FISCAL YEAR GIVEN IN
MARCH 2019

Source text for Eikon:  ID:nEQ1yHqWMa 
Further company coverage:  PA8G.DE 

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