Oncothyreon (ONTY) Tops Q3 EPS by 4c

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Oncothyreon Reports Third Quarter 2015 Financial Results

November 5, 2015 4:00 PM EST

SEATTLE, Nov. 05, 2015 (GLOBE NEWSWIRE) -- Oncothyreon Inc. (NASDAQ: ONTY) today reported financial results for the third quarter ended September 30, 2015.

Net loss for the three months ended September 30, 2015 was $4.6 million, or $0.05 per basic and diluted share, compared with a net loss of $6.7 million, or $0.09 per basic and diluted share, for the comparable period in 2014. The $2.1 million decrease in net loss was attributable to the difference in the change in the fair value of warrant liability of $1.3 million. The decrease in net loss was also due to decreases in research and development expenses of $0.5... More