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Finance

Oracea maker reports Q2 revenues of $6.9 million

Published in Drug Week, September 2nd, 2005

CollaGenex Pharmaceuticals, Inc., (CGPI) reported financial results for the second quarter ended June 30, 2005.

Total revenues for the second quarter of 2005 were $6.9 million compared to $14.4 million in the second quarter of 2004. During the second quarter of 2005, the company recorded a net loss allocable to common stockholders of $5.8 million, or $0.41 per basic and diluted share, compared to a net income allocable to common stockholders of $1.6 million, or $0.11 per basic and diluted share, in the second quarter of 2004. Cash, cash equivalents, and short-term investments totaled approximately $35.7 million at June 30, 2005.

The company's...

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