Vectura posts flat sales and increased loss for first-half 2013
UK-based developer of inhaled therapies Vectura Group (LSE: VEC) has announced its unaudited interim results for the six months ended September 30, 2013, showing that revenues were flat at £177.0 million ($27.4 million) compared with the like, year-earlier period.
Pretax loss was £1.2 million for the first half, from a loss of £1.1 million in 2012, or 0.1 pence per share, versus 0.3 pence. Earnings before interest, tax, depreciation and amortization were £2.3 million, down from £2.6 million. The company noted that it has “robust” balance sheet with cash and cash equivalents of £65.5 million (£70.1 million at March 31, 2013)
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
More Features in Pharmaceutical
| Headless Content Management with Blaze