Oncothyreon (ONTY) Posts Wider than Expected Q4 Loss of 27c; Guides FY12 Expenses
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Oncothyreon, Inc. (NASDAQ: ONTY) reported Q4 EPS of ($0.27), $0.12 worse than the analyst estimate of ($0.15).
Expenses in 2012 are expected to be higher when compared to 2011, primarily as a result of the more advanced clinical development of PX-866 and the Phase 1 clinical trial of ONT-10. Oncothyreon currently expects cash used in operations in 2012 to be between approximately $30.0 and approximately $33.0 million. As a result, Oncothyreon estimates that its existing cash, cash-equivalents and investments will be sufficient to fund operations for at least the next 12 months.
For earnings history and earnings-related data on Oncothyreon, Inc. (ONTY) click here.
Expenses in 2012 are expected to be higher when compared to 2011, primarily as a result of the more advanced clinical development of PX-866 and the Phase 1 clinical trial of ONT-10. Oncothyreon currently expects cash used in operations in 2012 to be between approximately $30.0 and approximately $33.0 million. As a result, Oncothyreon estimates that its existing cash, cash-equivalents and investments will be sufficient to fund operations for at least the next 12 months.
For earnings history and earnings-related data on Oncothyreon, Inc. (ONTY) click here.
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