Portola Pharma (PTLA) Tops Q1 EPS by 14c

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Portola Pharmaceuticals Reports First Quarter 2015 Financial Results and Provides Corporate Update

May 6, 2015 4:01 PM EDT

SOUTH SAN FRANCISCO, Calif., May 6, 2015 (GLOBE NEWSWIRE) -- Portola Pharmaceuticals (Nasdaq: PTLA) today provided a corporate update and reported its financial results for the first quarter ended March 31, 2015.

"This is a monumental year for the company," said William Lis, chief executive officer of Portola. "We are now approximately one year from the potential launch of our first commercial product, andexanet alfa, in 2016 followed by a second product launch with betrixaban in 2017. Additionally, we are advancing a third clinical-stage program in hematologic cancers with our dual-acting agent, cerdulatinib. Each of these products is wholly-owned,... More