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Atossa Genetics reports Q2 EPS (80c) vs. ($5.08) a year ago as restated.

Steven Quay, Atossa Genetics' President and CEO commented, "During the quarter we were very pleased to have achieved our primary endpoint in our Phase 2 trial of topical Endoxifen to reduce mammographic breast density. We are now focusing our efforts on the oral formulation of Endoxifen and are developing a modified-release oral tablet which is being tested in a Phase 1 study and that we plan to use in a Phase 2 study to reduce MBD. The Phase 2 study is scheduled to start in the fourth quarter and should be completed by mid-2020. We completed the quarter with $17.1M in cash, which will enable us to continue to make clinical progress with our programs."

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Publication:The Fly
Article Type:Financial report
Date:Aug 13, 2019
Words:116
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