Spectrum Pharma (SPPI) Reports Q3 EPS of $0.00
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Spectrum Pharmaceuticals Provides Third Quarter Financial and Pipeline Update
November 3, 2016 4:06 PM EDTFinancial Update: Q3 revenues were $33.4 million, including $30.3 million in product sales, with recently launched drug EVOMELA® (melphalan) for injection contributing $5.9 million. The Company ended the quarter with Cash and Cash Equivalents of $171.9 million. Earnings Call Update: Spectrum is re-examining the accounting treatment of the 2013 acquisition of the rights to CE Melphalan from Ligand Pharmaceuticals. This re-examination is not expected to impact reported revenue or cash balance for this or prior periods. The previously scheduled earnings conference call for the third quarter 2016 will not take place today and the Company plans to release full... More
