Odonate Therapeutics Announces Financial Results for the Three and Twelve Months Ended December 31, 2017
Odonate Therapeutics, Inc. (ODT)
Last odonate therapeutics, inc. earnings: 4/28 08:15 am
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)-- Odonate Therapeutics, Inc. (NASDAQ: ODT), a pharmaceutical company dedicated to the development of best-in-class therapeutics that improve and extend the lives of patients with cancer, today announced financial results for the three and twelve months ended December 31, 2017. As of December 31, 2017, Odonate had $198.1 million in cash, compared to $2.6 million as of December 31, 2016. This increase in cash resulted from net proceeds from common stock offerings of $221.4 million, less net cash used in operating activities of $25.9 million. Odonate’s net loss for the three and twelve months ended December 31, 2017 was $15.7 million and $32.7 million, or $0.81 per share and $2.31 per share, respectively, compared to $1.9 million and $3.1 million, or $0.19 per share and $0.54 per share, respectively, for the same periods in 2016. “We are excited to have recently initiated
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