Infinity Pharma (INFI) Tops Q3 EPS by 47c

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Go back to Infinity Pharma (INFI) Tops Q3 EPS by 47c

Infinity Provides Company Update and Reports Third Quarter 2016 Financial Results

November 9, 2016 4:05 PM EST

CAMBRIDGE, Mass., Nov. 9, 2016 /PRNewswire/ -- Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) today announced its third quarter 2016 financial results and its transition of the company to focus on IPI-549, a potentially first-in-class immuno-oncology product candidate that selectively inhibits PI3K-gamma. IPI-549 is the first and only PI3K-gamma inhibitor in clinical development. In October, Infinity licensed duvelisib, an investigational, oral, dual inhibitor of phosphoinositide-3-kinase (PI3K)-delta and PI3K-gamma, to Verastem, Inc.

"During the third quarter, we... More