Navigation Links
Vermillion Reports Second Quarter 2014 Results
Date:8/14/2014

in the same year-ago quarter.

OVA1 product revenue in both the second quarter of 2014 and the year-ago period does not include the additional royalty component of revenue based on 33% of Quest Diagnostics' gross margin. Vermillion will recognize this portion of revenue when it is reported by Quest Diagnostics in an annual 'true-up' expected after the end of the calendar year. The true-up is based on reimbursed and unreimbursed tests for which Quest Diagnostics considers the payment status as final. For the full year of 2013, the true-up provided $1,262,000 in revenue to Vermillion or an additional $75 per test.

Total operating expenses in the second quarter of 2014 increased to $5.8 million from $2.4 million in the year-ago quarter. The increase was primarily due to operational investments including roughly tripling our salesforce in April 2014, opening ASPiRA LABS, and increased research and development to advance our next-generation test as well as CEO severance.

Net loss for the second quarter was $5.6 million or $(0.15) per share, as compared to a net loss of $2.1 million or $(0.11) per share in the year-ago quarter.

As of June 30, 2014, cash and equivalents totaled $22.2 million. The company used $3.8 million in cash for operations in the second quarter of 2014, and expects to utilize $4.5 million to $5.5 million in cash in the third quarter of 2014. The third quarter of 2014 is expected be our high point for cash utilization before normalizing at a lower level beginning in the fourth quarter.

Management Commentary
"In Q2, we reached major milestones on our OVA1 commercialization strategy," said James LaFrance, Vermillion's chairman, president and CEO. "We opened ASPiRA LABS, our own national CLIA certified clinical laboratory for diagnostic processing based near Austin, Texas.

"We also significantly expanded our field sales team in April of this year. We typically see positive results three to six months after add
'/>"/>

SOURCE Vermillion, Inc.
Copyright©2014 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine technology :

1. Vermillion Sets First Quarter 2012 Conference Call for Tuesday, May 15, 2012 at 4:30 p.m. ET
2. Vermillion Announces CEO Succession Plan
3. Vermillion PAD Intended Use Study Presented at Society for Vascular Medicine 23rd Annual Scientific Sessions
4. Vermillion Announces Positive Top-Line Results from the OVA500 Multi-Center Study Led by UC Irvine
5. Vermillion Reports Second Quarter 2012 Results
6. Vermillion to Present at the 2012 Gateway Conference on September 6
7. Vermillion Sets Third Quarter 2012 Conference Call for Monday, November 12, 2012 at 4:30 p.m. ET
8. Vermillion Reports Third Quarter 2012 Results
9. Delaware Court of Chancery Dismisses Vermillion Dissident Shareholder Suit with Prejudice
10. Vermillion Appoints Bruce A. Huebner as Interim Chief Executive Officer
11. Gynecologic Oncology Publishes New Clinical Study Showing Positive Performance of OVA1, Vermillions Ovarian Cancer Test
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2014)... , Sept. 17, 2014   OTEMR, Inc. , ... Complete EHR certification, which designates that the software is ... 1 and Stage 2 Meaningful Use measures required to ... Act (ARRA).  ONETOUCH EMR 2.0 was certified on July ... of the National Coordinator-Authorized Certification Body (ONC-ACB) and is ...
(Date:9/17/2014)... , Sept. 17, 2014  Millions of people suffer from ... disease. Recently the FDA approved the launch ... an innovative implant device developed by Spinal Kinetics, which may ... neck and or arm pain. Hospital for Special Surgery (HSS), ... only hospital in New York City ...
(Date:9/17/2014)... , Sept. 17, 2014   MedeAnalytics ... solution that brings complete visibility to a provider,s ... an ever-evolving reimbursement landscape. Powered by the industry,s ... to the critical point between patient access and ... The solution will improve revenue capture, minimize audit ...
Breaking Medicine Technology:OTEMR, Inc.'s ONETOUCH EMR Achieves ONC HIT 2014 Edition COMPLETE EHR Certification from ICSA Labs 2OTEMR, Inc.'s ONETOUCH EMR Achieves ONC HIT 2014 Edition COMPLETE EHR Certification from ICSA Labs 3Cervical Disc Clinical Trial for People with Neck and Arm Pain Set to Begin at Hospital for Special Surgery 2MedeAnalytics Unveils New Revenue Integrity Solution to Support the Transition to Value-Based Healthcare 2MedeAnalytics Unveils New Revenue Integrity Solution to Support the Transition to Value-Based Healthcare 3
... on 11 Patients at SAWCPRINCETON, N.J., April 29 ... (OTC Bulletin Board: DSCI), a provider of advanced wound ... the Advances in Wound Care (SAWC) in Dallas, Jason R. ... Florida, revealed details of a recently concluded 11-patient venous leg ...
... to Cover Therapeutic Delivery Across Blood-Brain BarrierNOVATO, Calif., ... ("Raptor" or the "Company") (OTC Bulletin Board: RPTP) ... Trademark Office ("USPTO") has issued two Notices of ... 11/202,566, titled " Methods of increasing delivery of ...
Cached Medicine Technology:Clinician Reports Fast Healing of Intractable Wounds Using MEDIHONEY(R) 2Clinician Reports Fast Healing of Intractable Wounds Using MEDIHONEY(R) 3Raptor Pharmaceuticals Receives Notices of Allowance for Two NeuroTrans(TM) Patent Applications 2Raptor Pharmaceuticals Receives Notices of Allowance for Two NeuroTrans(TM) Patent Applications 3Raptor Pharmaceuticals Receives Notices of Allowance for Two NeuroTrans(TM) Patent Applications 4Raptor Pharmaceuticals Receives Notices of Allowance for Two NeuroTrans(TM) Patent Applications 5
(Date:9/17/2014)... Buffers that guard against damage to the ends of chromosomes ... melanoma the deadliest form of skin cancer according ... The study has uncovered an important new genetic risk factor ... mole count are the strongest indicators of those most at ... more care in the sun, as they burn more easily. ...
(Date:9/17/2014)... Chicago IL (PRWEB) September 17, 2014 ... of Pseudomonas aeruginosa infections allegedly caused by Non-Sterile ... to learn more about their options for legal recourse. ... & Drug Administration (FDA) in March 2012, after the ... Pseudomonas aeruginosa at William Beaumont Hospital in Royal Oak, ...
(Date:9/17/2014)... NY (PRWEB) September 17, 2014 In ... acknowledges that “bi-weekly telephonic discovery conferences would be beneficial ... such conferences through mid-December. “At the end of December,” ... assess the need for additional conferences. , “The ... recognizes that there is still much to be discussed ...
(Date:9/17/2014)... News, VA (PRWEB) September 17, 2014 ... will host recruit757’s scholarship workshop for football players ... on Tuesday, Sept. 23. , Doors open at 6:30 ... Performance Center and speak to trainers and physical therapists. ... until 9 p.m. , The Newport News Tidewater Performance ...
(Date:9/17/2014)... 2014 (HealthDay News) -- A blood test that measures ... with a better assessment of the state of a ... used routinely, this blood test could reveal when ... begins promoting tumor growth, the researchers suggested. "Our ... with advanced prostate cancer and often initially very effective ...
Breaking Medicine News(10 mins):Health News:Chromosome buffers hold key to better melanoma understanding 2Health News:Victims of Pseudomonas Infections Allegedly Caused by Other-Sonic Ultrasound Transmission Gel Face Statute of Limitations, Reports The Oliver Law Group P.C. 2Health News:Victims of Pseudomonas Infections Allegedly Caused by Other-Sonic Ultrasound Transmission Gel Face Statute of Limitations, Reports The Oliver Law Group P.C. 3Health News:Victims of Pseudomonas Infections Allegedly Caused by Other-Sonic Ultrasound Transmission Gel Face Statute of Limitations, Reports The Oliver Law Group P.C. 4Health News:Transvaginal Mesh Lawsuit News: New Order in C.R. Bard MDL Sets Schedule of Conferences for September to December, the Rottenstein Law Group LLP Reports 2Health News:Tidewater Physical Therapy and Performance Services and recruit757 To Host Football Scholarship Seminar 2Health News:Tidewater Physical Therapy and Performance Services and recruit757 To Host Football Scholarship Seminar 3Health News:DNA Blood Test Might Identify Status of Prostate Cancer 2
... ... literature on the medical step-by-step process of Gastric Banding and Roux-en-Y Gastric Banding ... ... weight gain, Western Bariatric Institute, a leader in Bariatric surgery since 2000, is ...
... ... increase the comfort and value of their homes while reducing their gas bill at the ... to $1,500 for energy efficient improvements for items like insulation, water heaters, furnaces and boilers. ... Rolling Meadows, IL ...
... receives The Help Group Champion for Children Award , ... 2009 - Advances and Best Practices in Autism, Learning Disabilities ... Saturday, October 3rd at The Skirball Cultural Center in Los ... experts from across the country. Generously sponsored by First ...
... Nick Buoniconti and his son Marc hosted ... Great Sports Legends Dinner, held at the Waldorf=Astoria, ... joined by sports legends, philanthropic heroes and business leaders ... Great Sports Legend honorees were Troy Aikman, Clyde Drexler, Mike ...
... ... a press briefing session on "Personalized Medicine and the Future of Health Care Practice" at ... ... (ASHG) will be hosting a press briefing session on "Personalized Medicine and the Future of ...
... for Cardiothoracic Surgery have performed countless successful Lung ... diagnosis of lung cancer can be a daunting one. Swift, ... than any other type of cancer, lung cancer is indeed ... to health, a number of different treatments are considered. The ...
Cached Medicine News:Health News:Making Weight Loss Surgery Safer and More Effective 2Health News:Energy360 Solutions Ramps up to Handle Demand of Chicagoland Natural Gas Savings Program 2Health News:Energy360 Solutions Ramps up to Handle Demand of Chicagoland Natural Gas Savings Program 3Health News:The Help Group Summit on Autism, Learning Disabilities, and ADHD Features State-of-the-Art Research and Best Practices in Education and Treatment 2Health News:The Help Group Summit on Autism, Learning Disabilities, and ADHD Features State-of-the-Art Research and Best Practices in Education and Treatment 3Health News:The Help Group Summit on Autism, Learning Disabilities, and ADHD Features State-of-the-Art Research and Best Practices in Education and Treatment 4Health News:The 24th Annual Great Sports Legends Dinner Raises More Than $6.3 Million for the Buoniconti Fund to Cure Paralysis 2Health News:The 24th Annual Great Sports Legends Dinner Raises More Than $6.3 Million for the Buoniconti Fund to Cure Paralysis 3Health News:The American Society of Human Genetics to Host Press Briefing on 'Personalized Medicine and the Future of Health Care Practice' at 59th Annual Meeting 2Health News:The American Society of Human Genetics to Host Press Briefing on 'Personalized Medicine and the Future of Health Care Practice' at 59th Annual Meeting 3Health News:The American Society of Human Genetics to Host Press Briefing on 'Personalized Medicine and the Future of Health Care Practice' at 59th Annual Meeting 4Health News:The California Center for Cardiothoracic Surgery (heart411.com) Surgeons are Leaders in Lung Cancer Surgery 2
This 100 µL is the equivalent to the "Universal Blue" tips and fits virtually every manufacturer's 1000 µL Pipettor....
Conducting disposable tips provide cross-contaminationfree pipetting for sensitive applications such as PCR setup....
Volume range 0.2-10 l. Designed for pipetting micro-sized drops. Ideal for use with micro volume Finnpipettes....
Conducting disposable tips....
Medicine Products: