Neothetics (NEOT) Reports Q1 Loss of $0.44/Share

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Neothetics Reports First Quarter 2016 Financial Results

May 12, 2016 8:03 AM EDT

SAN DIEGO, May 12, 2016 (GLOBE NEWSWIRE) -- Neothetics, Inc. (NASDAQ: NEOT) today reported financial results and business progress for the first quarter 2016.

First Quarter 2016 Highlights

Neothetics plans to conduct a Phase 2 trial with a modified formulation of LIPO-202 in the third quarter of 2016 for the reduction of central abdominal bulging, which the company anticipates having top-line data from in the first quarter of 2017. This Phase 2 study will be a randomized, double-blind, placebo-controlled trial designed to assess the efficacy, safety and tolerability of a modified... More