Axovant Sciences Ltd. (AXON) Reports Q1 Loss of $0.35, Names CFO
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Axovant Reports Financial Results for the First Fiscal Quarter of 2015 and Provides Corporate Update
August 11, 2015 4:05 PM EDTHAMILTON, Bermuda, Aug. 11, 2015 /PRNewswire/ --Â Axovant Sciences Ltd. (NYSE:Â AXON), a leading clinical-stage biopharmaceutical company focused on the treatment of dementia, today reports financial results for the first fiscal quarter ended June 30, 2015.
Cash totaled $331.1 million at June 30, 2015, and net cash used in operating activities was $4.5 million for the quarter. The gross proceeds of Axovant's initial public offering (IPO) on the New York Stock Exchange (NYSE) in June 2015 were $362.3 million, prior to underwriting discounts and commissions and offering expenses of $27.7 million.
For the first fiscal quarter... More
