Brief: Paion Q1 net loss widens to 6.73 million euros

PAION AG

11/05/2016 06:30

May 11 (Reuters) - Paion AG  PA8G.DE : 
    * Q1 net loss for Q1 2016 amounted to 6.729 million euros 
($7.66 million), in the prior-year period, a net loss of 4.703 
million euros was reported 
    * Cash and cash equivalents decreased by 7.218 million euros 
in Q1 2016 
    * Confirms its outlook for 2016 made on 22 March 2016 with 
publication of annual financial results for 2015 
    * Research and development expenses amounted to 6.502 
million euros in Q1 2016 and relate to remimazolam 
    * As expected, no significant revenues were realized in Q1 
2016 
 
Source text for Eikon:  ID:nEQ4b0vgpa  
Further company coverage:  PA8G.DE  
 
($1 = 0.8787 euros) 
 
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