Oncothyreon (ONTY) Misses Q4 EPS by 21c

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Oncothyreon Reports Full Year and Fourth Quarter 2014 Financial Results

March 10, 2015 4:01 PM EDT

SEATTLE, March 10, 2015 (GLOBE NEWSWIRE) -- Oncothyreon Inc. (Nasdaq: ONTY) today reported financial results for the year and quarter ended December 31, 2014.

Net loss for the year ended December 31, 2014 was $50.0 million, or $0.64 per basic and diluted share, compared with a net loss of $38.8 million, or $0.62 per basic and diluted share, for the comparable period in 2013. The increase in net loss was due to higher research and development expenses, primarily as a result of an increase of $10.0 million in license fees paid to Array. The increase in net loss was also the result of higher general and... More

Oncothyreon Reports Full Year and Fourth Quarter 2014 Financial Results

March 10, 2015 4:01 PM EDT

SEATTLE, March 10, 2015 (GLOBE NEWSWIRE) -- Oncothyreon Inc. (Nasdaq: ONTY) today reported financial results for the year and quarter ended December 31, 2014.

Net loss for the year ended December 31, 2014 was $50.0 million, or $0.64 per basic and diluted share, compared with a net loss of $38.8 million, or $0.62 per basic and diluted share, for the comparable period in 2013. The increase in net loss was due to higher research and development expenses, primarily as a result of an increase of $10.0 million in license fees paid to Array. The increase in net loss was also the result of higher general and... More