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Stock impact report

Pulmatrix Reports Q2 2018 Results

Pulmatrix, Inc. (PULM) 
Last pulmatrix, inc. earnings: 8/5 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.pulmatrix.com
Company Research Source: PR Newswire
LEXINGTON, Mass., Aug. 3, 2018 /PRNewswire/ -- Pulmatrix, Inc. (NASDAQ: PULM) today reports its second quarter results. "We are pleased with the preliminary results of the three-part Phase 1/1b clinical trial of Pulmazole. The data supports the potential of Pulmazole to improve the lives of patients with ABPA and we look forward to initiating a Phase 2 study of Pulmazole in patients with asthma and ABPA, currently planned to start in the fourth quarter of this year," said Robert W. Clarke, Ph.D., chief executive officer of Pulmatrix. FinancialsAs of June 30, 2018, Pulmatrix had $8.3 million in cash and cash equivalents, compared to $3.6 million as of December 31, 2017.  Research and development expenses for the second quarter of 2018 were $4.0 million, compared to $3.4 million for the same period last year. The increase was primarily due to increases in clinical development costs and external service costs on the Pulmazole program. General and administrative Show less Read more
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