Navigation Links
Pharmos Corporation Reports 2009 First Quarter Results
Date:5/12/2009

t that point, the Company's R&D expenses will significantly decrease, although the continued development of this compound through late-stage clinical testing will significantly increase the research and development expenses going forward. The Company's strategy is to license or partner this product for further development.

In process research and development costs relate to the Vela milestone of $1,180,000. On April 9, 2009 the last patients were enrolled in the Phase 2b trial thus triggering the following milestone: $1 million cash + 2 million shares of Pharmos common stock valued at $180,000. The expense of the milestone of $1,180,000 has been reflected in the 1Q 2009 results. The payment of the cash portion of the milestone has been deferred under an amendment to the acquisition agreement until such time as 1) the Company enters a collaboration or licensing agreement with a third party resulting in an upfront fee of at least $10 million, and 2) payment of a cash milestone would still leave the Company with at least one year's operating cash. If these conditions are not met, then the cash components of these milestones will not be paid. The 2 million shares will be issued on November 2, 2009 at the earliest.

General and administrative expenses for the first quarter of 2009 decreased by $462,175, or 58%, from $796,924 in 2008 to $334,749 in 2008. The decline reflects decreases in virtually every general and administrative expense category. The primary reductions include a $282,000 reduction in payroll, an $86,000 reduction in consultant and professional fees and a reduction in facility fees of $79,000. The decrease in payroll costs reflect the impact of the 2008 restructuring plans which have reduced the Company's head count from 18 employees in December 2007 to 5 employees at the end of December 2008 and also March 2009.

Other income (expense) net, decreased by $161,985 from $14,828 in other income in 2008
'/>"/>

SOURCE Pharmos Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Pharmos Completes Private Placement - Raises $1.8 Million
2. Pharmos Corporation Announces Receipt of Nasdaq Delisting Determination
3. Pharmos Corporation Announces Modification to Dextofisopam Trial Size, Objectives Can Still Be Achieved
4. Pharmos Corporation Announces Receipt of Nasdaq Noncompliance Letter
5. Pharmos Corporation Reports 2008 Third Quarter Results
6. Pharmos Corporation Reports 2007 Fourth Quarter and Year-end Results
7. Pharmos Restructures Operations in Israel
8. Volcano Corporation Presentation at JMP Conference to be Webcast
9. Medical Care Corporation Enables Early Detection of Memory Loss Due to Alzheimers Disease
10. Quigley Corporation Receives Support from Leading Independent Proxy Advisory Firms; RiskMetrics and Glass Lewis Reject Dissident Stockholder Ted Karkus, Citing Failure to Provide Detailed Business Plan
11. Former Executive Director of the World Bank and CEO of OMERS Nominated as Directors for Biovail Corporations Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 2015 AngelWeddingDress, the premier women’s dress ... wedding dresses. View website of AngelWeddingDress.com to ... maternity wedding dresses online for a bridal party. AngelWeddingDress ... quality for them. Its maternity wedding dresses are specially ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 A new ... of experience and person-centeredness in the long-term care environment ... action across the continuum. The paper, “The Power of ... engages perspectives and practices of the patient, resident and ...
(Date:1/22/2015)... Oceanside,CA (PRWEB) January 22, 2015 For over 20 ... the Oceanside and Vista area has treated just about ... other personal injury circumstances. And for those same twenty-plus years, ... victims of all those injuries with the best possible doctor. ...
(Date:1/22/2015)... 2015 A study recently published ... journal Medicine & Science in Sports & Exercise ... help reduce gastrointestinal (GI) problems associated with physical ... in the double-blind, placebo-controlled study took 10 grams ...
(Date:1/22/2015)... 22, 2015 IsoComforter, Inc. has introduced the ... patented IsoTube design to treat specific body parts and muscle ... progressive and easy to use patented cold therapy machine with ... related orthopedic and muscle injuries. IsoComforter has become the ...
Breaking Medicine News(10 mins):Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 3Health News:Industry Leading Chiropractor in Oceanside Joins the Doctors on Liens Network 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 3Health News:IsoComforter Introduces Best of Class Cold Therapy Product to the Worldwide Market 2
... ... ... ... ...
... ... , ... -- Eisner USA, LLC ( http://www.eisnerusa.com ) announced the release of its latest innovative product ... imaging data and the best of video game technology to create vivid 3D visualization used ...
... ... Big White accommodation for Spring Break family ski vacations: superb ski-in / ski-out location; fully ... hot tubs, waterslide and movie theatre; easy access to Big White,s mountain playground; and now ... ...
... ... Specialty Health (ASH), a leading national health and wellness company, has selected White ... to offer personal health records connected to Microsoft HealthVault as a part of ... health record to health plans, insurance carriers, and employer groups. , ...
... ... Sigma Black Belt training and certification to its portfolio of online and live courses on ... learning experience for students and also provides benefits to employers. , ... Tucson, AZ (PRWEB) March 3, 2010 -- The Pyzdek ...
... Top Dog ... ... Foundation , a Nashville-based nonprofit dedicated to helping pets in need of care, invites you ... 10-week fundraising campaign, dogs and cats vie for the coveted title of “Top Dog” or ...
Cached Medicine News:Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 2Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 3Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 4Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 5Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 6Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 7Health News:Biostar Pharmaceuticals, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing 8Health News:CT and MRI Images Now Seen in a 3D Virtual Reality World 2Health News:CT and MRI Images Now Seen in a 3D Virtual Reality World 3Health News:Last Minute Deals for Spring Break at Sundance at Big White Ski Resort 2Health News:American Specialty Health (ASH) Selects SPINNphr for Integrated Personal Health Record Solution 2Health News:American Specialty Health (ASH) Selects SPINNphr for Integrated Personal Health Record Solution 3Health News:American Specialty Health (ASH) Selects SPINNphr for Integrated Personal Health Record Solution 4Health News:Pyzdek Institute Releases Online Lean Six Sigma Black Belt Training 2Health News:Pyzdek Institute Releases Online Lean Six Sigma Black Belt Training 3Health News:ATTENTION: Pawty Animals Needed in Nashville, Tennessee 2Health News:ATTENTION: Pawty Animals Needed in Nashville, Tennessee 3
(Date:1/23/2015)... , Jan. 23, 2015 More than a third of ... of those with private insurance, filled a prescription for an ... report in this week,s Morbidity and Mortality Weekly Report (MMWR). ... providers to treat moderate to severe pain.  They are also ...
(Date:1/23/2015)... GAINESVILLE, Fla. , Jan. 23, 2015  HyGreen, Inc., ... distribution agreement and partnership with RCA Medical, a subsidiary ... Africa . Each year, hundreds of ... health care-associated infections as organisms are transmitted from patient ...
(Date:1/23/2015)... 2015 Cord Blood America, Inc. ( www.cordblood-america.com ) (OTC ...  filed a Preliminary Proxy Statement, Schedule 14A, with the U.S. ... an update for shareholders detailing why a "YES" vote to ... Dear Shareholders, As we reflect upon the 2014 ...
Breaking Medicine Technology:Opioid painkillers widely prescribed among reproductive age women 2Opioid painkillers widely prescribed among reproductive age women 3HyGreen Partners with RCA Medical in Johannesburg, South Africa 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 3Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 4
... Laboratories, L.C. and Intercell AG (VSE; "ICLL") ... of Romark,s antiviral drug, nitazoxanide, in combination ... (HCV) vaccine, IC41, during the first half ... (Logo: http://www.newscom.com/cgi-bin/prnh/20100201/FL47022LOGO) Intercell,s vaccine ...
... Oct. 21 IDEV Technologies, Incorporated (IDEV), an innovative ... medical technologies, today announced another step in the implementation ... treating patients with peripheral vascular disease with the addition ... The initial uses of the newly introduced 180mm and ...
Cached Medicine Technology:Romark and Intercell Join Forces in Combining Therapies Against Hepatitis C 2Romark and Intercell Join Forces in Combining Therapies Against Hepatitis C 3Romark and Intercell Join Forces in Combining Therapies Against Hepatitis C 4Romark and Intercell Join Forces in Combining Therapies Against Hepatitis C 5IDEV Technologies Launches Additional Products in Europe 2
... Automatic dispenser for low volumes. Dispenses ... 1536 -well format. Fast throughput of less ... productivity. The dispenser features an intuitive user ... be used to dispense liquids and suspensions, ...
... is the newest addition to Thermos Multidrop ... microvolumes of 1-50 l into 384- and ... in a 384-well plate takes only 14 ... and accuracy typically 10% at 2 l, ...
Multidrop DW is a high-speed automated dispenser for Deep Well plates, 1.1 ml test tubes and 96-well plates. Designed for accuracy and precision, the Multidrop DW dispenses up to eight different reag...
RIA kit for the determination of autoantibodies to the muscle-specific receptor tyrosine kinase....
Medicine Products: