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Astralis, Ltd.

Biotech company reports loss of $0.02 per share

Published in Pharma Investments, Ventures and Law Weekly, December 26th, 2004

Astralis, Ltd., (ASTR), a development-stage biotechnology company engaged primarily in the R&D of treatments for immune system disorders and skin diseases announced results for the third quarter and 9 months of 2004.

For the 3 months ended September 30, 2004, the company recorded a net loss of $1.6 million to common stockholders, or $0.02 per share. For the 9 months ended September 30, 2004, the company recorded a net loss of $16.0 million to common stockholders, or $0.23 per share.

A one-time preferred stock dividend, related to the conversion into common stock of our Series A Preferred Stock, owned by SkyePharma PLC, accounts for $10.75 million of...

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