- Shaftesbury 642.00 0.00
Loss after tax reduced by 50% for Vectura
Thursday, 26th April 2012
Vectura Group reports revenues ahead of expectations at £33m (2010/11: £42.9m) with loss after tax reduced by 50% to £4.4m (2010/11: £8.8m)Loss before tax is in line with the previous year at £13.2m (2010/11 £13.3m)
Cash and cash equivalents increased by £1.1m with cash of £75.5m at 31 March 2012
Dr Chris Blackwell, Chief Executive of Vectura commented:"Vectura has delivered another set of robust results, preserving a strong balance sheet through a combination of existing royalty streams and disciplined investment in R&D.
"During the year we delivered two new deals around VR315; securing a new US partner and extending our existing relationship with Sandoz (our European partner) to cover Rest of World territories. We also announced positive Phase III data from the combination product, QVA149 in April of this year and anticipate a number of major catalysts in 2012, including the EU filing of this product as well as the expected launch of NVA237 in Europe.
"As these programmes mature, we anticipate the resultant milestones and royalties will transform our revenue streams, making Vectura a self-sustainable, cash-generative Company, setting the stage for the next chapter in the Company's growth."
At 10:01am: (LON:VEC) Vectura Group share price was +3p at 66p
Story provided by StockMarketWire.com
Stock Market Update
Friday, 24th May 2013
PRE-OPEN REPORT: The headline index is tipped to open flat to slightly lower this morning, ...
Share News
Friday, 24th May 2013
Removing support will mean boom time for bailiffs Bailiffs are set to profit from cuts to ...
Friday, 24th May 2013
AGM / EGM24/05/2013 Robert Walters PLC (RWA) 24/05/2013 S & U PLC (SUS) 24/05/2013 VPhase PLC (VPHA) 24/05/2013 ...
Friday, 24th May 2013
Interim Result28/05/2013 JSC Acron (AKRN) 28/05/2013 Victrex PLC (VCT) 29/05/2013 Topps Tiles PLC (TPT) 29/05/2013 Noble Investments (UK) ...
Friday, 24th May 2013
Interim Result28/05/2013 JSC Acron (AKRN) 28/05/2013 Victrex PLC (VCT) 29/05/2013 Topps Tiles PLC (TPT) 29/05/2013 Espirito Santo Financial ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.