Neurocrine Biosciences (NBIX) Tops Q1 EPS by 29c

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Neurocrine Biosciences Reports First Quarter 2015 Results

April 30, 2015 7:00 AM EDT

SAN DIEGO, April 30, 2015 /PRNewswire/ -- Neurocrine Biosciences, Inc. (NASDAQ: NBIX) today announced its financial results for the quarter ended March 31, 2015. For the first quarter of 2015, the Company reported a net loss of $1.2 million, or $0.01 loss per share, compared to a net loss of $11.8 million, or $0.17 loss per share, for the same period in 2014.

The Company's balance sheet at March 31, 2015 reflected cash, cash equivalents, investments and receivables of $517.9 million compared to $232.6 million at December 31, 2014. During the quarter, the Company completed a public offering of eight million shares of common stock that resulted... More