Portola Pharmac (PTLA) Misses Q1 EPS by 3c

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Portola Pharmaceuticals Reports First Quarter Financial Results and Provides Corporate Update

May 12, 2014 4:02 PM EDT

SOUTH SAN FRANCISCO, Calif., May 12, 2014 (GLOBE NEWSWIRE) -- Portola Pharmaceuticals (Nasdaq: PTLA) today provided a corporate update and reported its financial results for the quarter ended March 31, 2014.

"We have had a very productive quarter, and we remain confident we can achieve our goal of bringing to market our three wholly-owned treatments for patients with blood clots and blood cancers," said William Lis, chief executive officer of Portola. "Our strategy has been to take compounds with validated mechanisms of action, advance them in underserved indications, and increase their probability of success by using... More