Why Portola Pharmaceuticals Stock Shed 11% in September [The Motley Fool]
PORTOLA PHARMACEUTICALS (PTLA)
Last portola pharmaceuticals earnings: 2/26 04:01 pm
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US:NASDAQ Investor Relations:
investors.portola.com
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Source: The Motley Fool
The biotech specialist is transitioning to a new management team under difficult operating conditions. Demitrios Kalogeropoulos ( TMFSigma ) Oct 11, 2018 at 3:36PM What happened Portola Pharmaceuticals ( NASDAQ:PTLA ) lagged the market last month by falling 11% compared to a 0.4% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence . The decline added to prior significant losses to leave the biotech stock well behind the broader market, with a drop of over 50% so far in 2018. ^SPX data by YCharts . So what Portola, the owner of two drugs approved by the Food and Drug Administration, is struggling to transition into commercial viability. The company saw operating expenses shoot up to $108 million in the second quarter despite having booked just $4 million of revenue. As a result, net losses amount
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