{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1258986612", "close" : "1259010012", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
ap

Infinity Pharma 3Q loss narrows on payments

Infinity Pharmaceuticals' 3rd-quarter loss narrows on revenue boost from partnerships

  • On 10:11 am EST, Tuesday November 10, 2009

CAMBRIDGE, Mass. (AP) -- Infinity Pharmaceuticals Inc. said Monday its third-quarter loss narrowed on a boost in payments from its partnership with Purdue Pharmaceutical Products LP and Mundipharma International Corp.

The company lost $9.3 million, or 36 cents per share, compared with a loss of $12.4 million, or 63 cents per share, during the same period a year prior. Revenue surged to $13.8 million from $2.5 million.

Analysts polled by Thomson Reuters expected a loss of 44 cents per share on revenue of $12.4 million.

Infinity has several compounds in development, aimed at various types of cancer.

Shares of Infinity added 5 cents to $5.78 in morning trading Tuesday.

Related Headlines

Related Blog Headlines

Top Stories

Related Message Boards

Sponsored Links

Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.