Evoke Pharma incurs higher net loss of USD3.0m in Q3 2016.
M2 PHARMA-November 10, 2016-Evoke Pharma incurs higher net loss of USD3.0m in Q3 2016
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Pharmaceutical company Evoke Pharma (NasdaqCM:EVOK) stated on Wednesday that it recorded a net loss of USD3.0m (USD0.29 per share) for the third quarter ended 30 September 2016.
This is compared with a lower net loss of approximately USD2.7m (USD0.42) per share) for the three month period ended 30 September 2015.
Research and development (R&D) expenses of USD1.3m were recorded for the three months ended 30 September 2016, a decline from R&D of USD1.8m for the three months ended 30 September 2015.
As of 30 September 2016, the company's cash and cash equivalents were about USD10.4m and total assets were USD10.8m.
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|Article Type:||Financial report|
|Date:||Nov 10, 2016|
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