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28 February, 2024 19:23 IST
Axsome Therapeutics first-quarter loss widens on a YOY basis
Source: IRIS | 15 May, 2017, 03.35PM

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Axsome Therapeutics Inc (AXSM) saw its loss widen to $8 million, or $0.41 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $5.87 million, or $0.31 a share.      

The company has not recorded any revenues for the current as well as previous quarter.

Operating loss for the quarter was $7.67 million, compared with an operating loss of $5.88 million in the previous year period.

“In the first quarter we continued to advance all of our clinical programs, which include three ongoing Phase 3 trials with our lead product candidates AXS-02 and AXS-05,” said Herriot Tabuteau, M.D., chief executive officer of Axsome. “The recently completed common stock offering bolsters our balance sheet and provides the financial resources to maintain our pipeline momentum.”

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