Aradigm Corp. (ARDM) Reports In-Line Q2 EPS

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Go back to Aradigm Corp. (ARDM) Reports In-Line Q2 EPS

Aradigm Announces Second Quarter 2015 Financial Results

August 13, 2015 7:00 AM EDT

HAYWARD, Calif.--(BUSINESS WIRE)-- Aradigm Corporation (Nasdaq: ARDM) (the Company) today announced financial results for the second quarter and six months ended June 30, 2015.

Total revenue was $10.0 million for the second quarter of 2015, compared with $12.2 million in revenue for the second quarter of 2014. The decrease in revenue primarily resulted from a decrease in the amount of the reimbursement of Pulmaquin® project-related expenses under the Grifols collaboration arrangement.

Total operating expenses for the second quarter of 2015 were $11.1 million, compared with total operating expenses of $13.6 million for the second quarter of 2014. The... More