Dipexium Pharmaceut (DPRX) Misses Q1 EPS by 5c

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Dipexium Pharmaceuticals Reports First Quarter 2015 Financial Results

May 14, 2015 7:30 AM EDT

NEW YORK, May 14, 2015 /PRNewswire/ -- Dipexium Pharmaceuticals, Inc. (Nasdaq: DPRX), a late-stage pharmaceutical company focused on the development and commercialization of Locilex® (pexiganan cream 0.8%), a novel, broad spectrum, topical antibiotic peptide, today reported financial results for the quarter ended March 31, 2015. 

"We successfully advanced our drug development program in the first quarter of 2015 and hope to continue that progress moving forward," stated David P. Luci, President & Chief Executive Officer of Dipexium. "We continue to manage and maintain our cash reserves consistent with our prior guidance."

Financial Results for the First... More