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Avadel Pharmaceuticals Reports Fourth Quarter and Full Year 2018 Financial Results

Avadel Pharmaceuticals Plc ADS (AVDL)  More Company Research Source: GlobeNewswire
Last avadel pharmaceuticals plc ads earnings: 11/5 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: avadel.com
PDF DUBLIN, Ireland, March 15, 2019 (GLOBE NEWSWIRE) -- Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on developing FT218 for sleep disorders, today announced its financial results for the fourth quarter and full year of 2018. “We have recently announced a restructuring and other activities to focus our efforts and resources toward advancing our lead clinical-stage asset, FT218,” said Greg Divis, Interim Chief Executive Officer of Avadel. “Cost savings generated by the restructuring, along with hospital product cash flow, are expected to extend our cash runway into 2021.  In conjunction with the restructuring, we have engaged a third-party to review the FT218 development program with the goal of identifying opportunities to enhance the FT218 FDA submission.  With a focused commitment to advancing FT218 and building shareholder value, we look forward to keeping you updated on our progress." Overview of fourth quarter and full year 2018 financial results: Revenues for th [Read more]

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