Neothetics (NEOT) Reports Q4 Loss of $0.14/Share

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Neothetics Provides Business Update and Reports Fourth Quarter 2016 Financial Results

March 23, 2017 8:00 AM EDT

SAN DIEGO, March 23, 2017 (GLOBE NEWSWIRE) -- Neothetics, Inc. (NASDAQ: NEOT) today provided a business update and reported financial results for the fourth quarter 2016.

We are encouraged by our progress on our Phase 2 proof of concept trial for LIPO-202 in submental fat reduction and continue to expect top-line data in June 2017, said Mr. Jeffrey M. Nugent, a member of Neothetics Operating Committee and Board of Directors. We remain excited about the submental fat reduction market and continue to believe LIPO-202 will have significant impact on this market. The American Society of Dermatologic Surgeons (ASDS) 2016... More