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How To Put A Drug Company Back On It's Feet
http://www.roanoke.com/business/wb/wb/xp-56761
New River company to launch ADHD drug The headline writer for this story could pen, "Company loses nearly $30 million, twice as much as the year before." But there's something more to consider about the 2005 financial results for Radford drugmaker New River Pharmaceuticals Inc., released last week. While it lost a small fortune, it is gearing up to launch its first product, which is expensive. Research, product development and compensation costs drove a 109 percent rise in losses -- to $29.9 million, or 83 cents a share. Meanwhile, although New River has no sales, it reaps huge payments from a partnership designed to share the costs and income from the first-product release. New River finished 2005 with $52.8 million in cash and short-term investments. In February, it collected $50 million from the partnership deal, its second payment that size. New River's year is steeped in expectations, because it awaits the green light from the Food and Drug Administration to launch NRP104, a treatment for children with attention-deficit hyperactivity disorder. Beyond that, it has identified three other drugs in its pipeline. Shares of New River, which trade as NRPH on the NASDAQ, closed Tuesday at $32.14, down 61 cents. |
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How To Put A Drug Company Back On It's Feet
Jan Drew wrote:
[snip all, as always] How To Put A Drug Company Back On It's Feet? Consulting the legal Dept. concerning Jan Drew wouldn't be a bad idea. OMMV RL |
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