Titan Pharma (TTNP) Misses Q4 EPS by 1c

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Titan Pharmaceuticals Reports Full Year and Fourth Quarter 2015 Financial Results

March 15, 2016 7:00 AM EDT

SOUTH SAN FRANCISCO, CA -- (Marketwired) -- 03/15/16 -- Titan Pharmaceuticals, Inc. (NASDAQ: TTNP), a specialty pharmaceutical company developing proprietary therapeutics for the treatment of select chronic diseases utilizing its ProNeura" long-term, continuous drug delivery platform, today reported financial results for the full year and fourth quarter of 2015.

Total revenues for the full year ended Dec. 31, 2015 were approximately $1.7 million, compared with approximately $3.6 million in 2014, both reflecting the amortization of the upfront license fee received from commercialization partner Braeburn Pharmaceuticals, Inc. in December 2012.

Total operating... More