BioBlast Pharma (ORPN) Posts Q2 Loss of 26c/Share

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BioBlast Pharma Reports Second Quarter Financial Results

August 21, 2015 8:00 AM EDT

TEL AVIV, Israel, Aug. 21, 2015 (GLOBE NEWSWIRE) -- BioBlast Pharma Ltd. (Nasdaq: ORPN), a clinical-stage, orphan disease-focused biotechnology company, today announced financial results for the second quarter ended June 30, 2015.

BioBlast ended the second quarter of 2015 with $26.2 million in cash and short-term bank deposits, having spent $3.7 million in total expenses during the quarter.

Colin Foster, President & CEO, said, "During the second quarter we made significant progress in advancing our clinical and regulatory activities in the USA, Canada, and Israel across our pipeline of drug candidates. Of note, recently the U.S. Food... More