Oncothyreon (ONTY) Reports In-Line Q1 EPS

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Oncothyreon Reports First Quarter 2015 Financial Results

May 11, 2015 4:01 PM EDT

SEATTLE, May 11, 2015 (GLOBE NEWSWIRE) -- Oncothyreon Inc. (Nasdaq: ONTY) today reported financial results for the first quarter ended March 31, 2015.

Net loss for the three months ended March 31, 2015 was $7.9 million, or $0.08 per basic and diluted share, compared with a net loss of $9.6 million, or $0.14 per basic and diluted share, for the comparable period in 2014. The $1.7 million decrease in net loss was primarily attributable to the difference in the change in the fair value of warrant liability of $2.6 million offset by increases in research and development of $1.0 million.

As of March 31, 2015, Oncothyreon's cash, cash equivalents and... More