La Jolla Pharmaceutical (LJPC) Tops Q1 EPS by 9c
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La Jolla Pharmaceutical Company Announces Financial Results for the Three and Six Months Ended June 30, 2016
August 8, 2016 4:44 PM EDTSAN DIEGO--(BUSINESS WIRE)-- La Jolla Pharmaceutical Company (NASDAQ: LJPC) (the Company or La Jolla), a leader in the development of innovative therapies intended to significantly improve outcomes in patients suffering from life-threatening diseases, today reported financial results for the three and six months ended June 30, 2016.
Results of Operations
As of June 30, 2016, La Jolla had $100.6 million in cash and cash equivalents, compared to $126.5 million as of December 31, 2015. The decrease in cash and cash equivalents was primarily due to net cash used for operating activities. Based on current operating plans and... More
