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Discovery Labs Reports Second Quarter 2012 Financial Results
Date:8/2/2012

WARRINGTON, Pa., Aug. 2, 2012 /PRNewswire/ -- Discovery Laboratories, Inc. (Nasdaq: DSCO), a specialty biotechnology company dedicated to advancing a new standard in respiratory critical care, today reports financial results for the second quarter ended June 30, 2012 and provides a business update.  The Company will host a conference call this morning at 10:00 AM ET.  Conference call details are below.

Key operating updates and financial information include:

  • The Company has made significant progress in building its own specialty commercial and medical affairs organizations to specialize in neonatal respiratory critical care.  These organizations will implement the commercialization of the Company's products and provide medical and scientific information to the neonatal medical community regarding the Company's proprietary KL4 surfactant and aerosol drug delivery technologies.
  • The Company remains on track to launch SURFAXIN® in the U.S. in the fourth quarter of 2012.  SURFAXIN is the first synthetic, peptide-containing surfactant approved for use in neonatal medicine and provides healthcare practitioners with an alternative to the animal-derived surfactants that today are the standard of care to manage respiratory distress syndrome (RDS) in premature infants.  The Company also remains on track to launch the neonatal size AFECTAIR® device in the fourth quarter of 2012. 
  • To advance the AEROSURF® program, the Company entered into a Research and Development Services Agreement ("Agreement") with Battelle Memorial Institute ("Battelle"), the world's largest nonprofit research and development organization with expertise in developing and integrating aerosol devices using innovative and advanced technologies.  Battelle will provide technical support and expertise to op
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