Achillion Pharmaceuticals, Inc. (ACHN) Posts Q1 Loss of 17c/Share

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Go back to Achillion Pharmaceuticals, Inc. (ACHN) Posts Q1 Loss of 17c/Share

Achillion Reports First Quarter 2014 Financial Results

May 7, 2014 6:05 AM EDT

NEW HAVEN, Conn., May 7, 2014 (GLOBE NEWSWIRE) -- Achillion Pharmaceuticals, Inc. (Nasdaq: ACHN) today reported financial results for the three months ended March 31, 2014. For the first quarter of 2014, the Company reported a net loss of $16.1 million or $0.17 per share, compared with a net loss of $11.7 million or $0.14 per share for the first quarter of 2013. Cash, cash equivalents, marketable securities and interest receivable as of March 31, 2014 were $144.7 million.

"We have made significant progress advancing our HCV program in the first few months of 2014 and were pleased to have recently... More