Hemispherx Biopharma (HEB) Reports Q1 Loss of $0.02/Share

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Hemispherx Biopharma Announces Financial Results for the Three Months Ended March 31, 2015

May 13, 2015 8:30 AM EDT

PHILADELPHIA, May 13, 2015 (GLOBE NEWSWIRE) -- Hemispherx Biopharma (NYSE MKT: HEB) announced its financial results for the three months ended March 31, 2015. The net loss (including non-cash effects) was approximately $3,445,000 or $(0.02) per share as compared to a net loss of $3,836,000 or ($0.02) per share for the same three month period in 2014. Cash, cash equivalents and marketable securities were approximately $17,005,000 at March 31, 2015 as compared to $16,108,000 as of December 31, 2014.

Our European subsidiary, Hemispherx Biopharma Europe N.V./S.A., received formal notification from the European Commission [EU/3/15/1480-EMA/OD/310/14] approving its Orphan Medicinal Product Application for Ampligen®, an... More