BioDelivery Sciences (BDSI) Misses Q1 EPS by 1c

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Go back to BioDelivery Sciences (BDSI) Misses Q1 EPS by 1c

BioDelivery Sciences Provides Corporate Update and Reports First Quarter 2016 Financial Results

May 10, 2016 7:00 AM EDT

RALEIGH, N.C., May 10, 2016 /PRNewswire/ --

Strategic initiatives implemented to better align BUNAVAIL® expenses with revenue as part of ongoing efforts to preserve and enhance long-term value; changes expected to result in savings of approximately $20 million through 2017 BUNAVAIL prescriptions increase 180% compared to first quarter of 2015; over 350 new prescribers added in first quarter of 2016 BUNAVAIL net revenue increased 41% in first quarter compared to fourth quarter 2015 BUNAVAIL revenue per prescription increased more than 20% in the first quarter compared to fourth quarter 2015 Strong cash position of $69.4... More