BRIEF-Achillion Forecasts 2018 Loss Of $0.55-$0.58 Per Share [Reuters]
ACHISON INC A (ACHN)
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Source: Reuters
BRIEF-Achillion Forecasts 2018 Loss Of $0.55-$0.58 Per Share | Reuters Reuters Staff 1 Min Read Feb 22 (Reuters) - Achillion Pharmaceuticals Inc: * ACHILLION ANNOUNCES RESTRUCTURING TO ADVANCE CORPORATE STRATEGY; ANNOUNCES 2017 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS * JOSEPH TRUITT, CHIEF OPERATING OFFICER, PROMOTED TO PRESIDENT OF ACHILLION * SEEKING TO GENERATE ADDITIONAL DATASETS WITH ACH-4471 IN BOTH C3G AND PNH PROGRAMS IN 2018 * RESTRUCTURING WILL REDUCE COMPANY‘S WORKFORCE BY APPROXIMATELY 20% TO APPROXIMATELY 70 EMPLOYEES. * ACHILLION - RESTRUCTURING PLAN EXPECTED TO DELIVER ABOUT $10 MILLION OF SAVINGS IN 2018 OVER 2017 EXPENSE LEVELS * FY2018 EARNINGS PER SHARE VIEW $-0.71 -- THOMSON REUTERS I/B/E/S * ACHILLION - DUE TO RESTRUCTURING, EXPECT RESEARCH AND DEVELOPMENT EXPENSES DURING 2018 WILL BE ABOUT $58 MILLION - $60 MILLION * Q4 EARNINGS PER SHARE VIEW $-0.16 -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223
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