Capnia (CAPN) Reports Q1 Loss of $0.22 per Share

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Capnia Reports First Quarter 2016 Financial Results

May 10, 2016 9:29 AM EDT

REDWOOD CITY, Calif., May 10, 2016 (GLOBE NEWSWIRE) -- Capnia, Inc. (NASDAQ: CAPN), a diversified healthcare company that develops and commercializes innovative diagnostics, devices and therapeutics addressing unmet medical needs, today announced financial results for the first quarter ended March 31, 2016.

During early 2016, we made significant progress advancing both our commercial product portfolio as well as our therapeutics pipeline, said Anish Bhatnagar, M.D., Chief Executive Officer of Capnia. We signed two important distribution agreements for CoSense in the US and China, and commenced sales of Serenz Allergy Relief to pharmacies... More