Egalet Reports Q3 Results, Offers ARYMO ER Updates
- Egalet Corp (NASDAQ: EGLT) lost $1.10 per share in its third quarter and missed estimates by $0.20 per share.
- Revenue of $4.7 million beat by $0.1 million.
- Company highlighted FDA Advisory Committee's recommended approval of ARYMO ER during the quarter.
- Company also highlighted closing of $40 million in financing during the quarter.
- Cash and marketable securities totaled $101.2 million at the end of the quarter.
- CEO Bob Radie expects the FDA to finalize review of ARYMO ER in time for a potential launch in the first quarter of 2017.
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Posted-In: ARYMO ER Bob Radie EgaletEarnings News Health Care General
