Biodel (BIOD) Tops Q4 EPS by 3c
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Biodel Reports First Quarter Fiscal Year 2016 Financial Results
February 16, 2016 7:05 AM ESTDANBURY, CT -- (Marketwired) -- 02/16/16 -- Biodel Inc. (NASDAQ: BIOD) today reported financial results for the first fiscal quarter ended December 31, 2015.
Corporate updates since last fiscal quarter:
In October 2015, the company committed to a restructuring plan designed to reduce infrastructure costs and improve efficiency of research and quality-related activities. The company estimated that it will incur one-time cash severance payments of approximately $0.3 million in connection with the October 2015 restructuring and reduce its cash burn by approximately $2 million annually. In December 2015, the company announced a plan to... More