Brief: Paion Q1 revenues at EUR 2.051 mln

PAION AG

10/05/2017 06:31

May 10 (Reuters) - PAION AG  PA8G.DE : 
    * PAION AG PUBLISHES GROUP QUARTERLY STATEMENT FOR THE FIRST 
QUARTER OF 2017 
    * REVENUES IN Q1 OF 2017 AMOUNTED TO EUR 2.051 MLN COMPARED 
TO EUR 3 MLN IN PRIOR-YEAR PERIOD 
    * NET LOSS FOR Q1 2017 AMOUNTED TO EUR 2.218 MLN 
    * CASH AND CASH EQUIVALENTS DECREASED BY EUR 1.379 MLN IN Q1 
2017 
    * PAION CONFIRMS ITS OUTLOOK FOR 2017 MADE ON 16 MARCH 2017 
WITH PUBLICATION OF 2016 FINANCIAL RESULTS 
    * PAION'S MAJOR GOALS FOR 2017 ARE CONTINUATION AND 
COMPLETION OF ONGOING CLINICAL DEVELOPMENT PROGRAM IN U.S. AND 
HANDOVER OF COMPLETED WORK TO COSMO 
    * POSITIVE DATA ANNOUNCED IN U.S. SAFETY TRIAL WITH 
REMIMAZOLAM IN HIGH-RISK COLONOSCOPY PATIENTS 
    * FINANCIAL RESULTS IN LINE WITH PLAN 
 
Source text for Eikon:  ID:nEQ5gGbJn  
Further company coverage:  PA8G.DE  
 
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