bluebird bio (BLUE) Posts Wider Q2 Loss

bluebird bio (NASDAQ: BLUE) reported Q2 EPS of ($1.57), $0.78 worse than the analyst estimate of ($0.79). Revenue for the quarter came in at $4.9 million versus the consensus estimate of $8.6 million.

Cash, cash equivalents and marketable securities as of June 30, 2015 were $936.4 million, compared to $492.0 million as of December 31, 2014, an increase of $444.4 million, which was primarily driven by the June 2015 equity financing.

“The first half of this year was a period of exceptional progress for bluebird bio across all fronts, and we made significant strides toward our goal of delivering transformative gene therapy products to change the lives of patients,” said Nick Leschly, chief bluebird. “We gained general agreement from U.S. and E.U. regulators on the path forward for LentiGlobin in beta-thalassemia major, and presented early data in severe sickle cell disease that supports the potential for LentiGlobin to make a meaningful difference for these patients. We also spoke for the first time in greater detail about our strategy to build an independent, differentiated immuno-oncology business.”

For earnings history and earnings-related data on bluebird bio (BLUE) click here.

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