|Day's Range||0.44 - 0.55|
|52 Week Range||0.40 - 5.55|
|PE Ratio (TTM)||-0.21|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Atossa Genetics stock fell 27.5 percent after the company announced plans to raise $4.6 million in an underwritten public offering on Tuesday. The Seattle biotech company declined to comment during the stock offering period. Atossa develops drugs and medical devices that treat breast cancer and other breast conditions.
On Jan 9, 2017, Atossa (ATOS) announced that it is transferring the site of its Phase II study of fulvestrant administered with its patented microcatheters in patients with ductal carcinoma in situ or breast cancer who are scheduled for lumpectomy or mastectomy. The study was initiated at Columbia University Medical Center Breast Cancer Programs (New York) and is now being transferred to Montefiore Medical Center in New York. This move comes about as the principal investigator, Dr. Sheldon M. Feldman, M.D., has relocated to Montefiore and is now Chief, Division of Breast Surgery & Breast Surgical Oncology, Director, Breast Cancer Services, and Professor, Department of Surgery, at the Montefiore Medical Center, The University Hospital for the Albert Einstein College of Medicine, Montefiore Einstein Center for Cancer Care.
For the year ended December 31, 2015, substantially all of the revenue we recognized consisted of pharmacogenomics testing by the NRLBH. As a result of the sale of the NRLBH, the revenue and cost of revenue is presented as discontinued operations for both years ended 2015 and 2014. The NLRBH had a total net revenue of $5.5 million for the year ended December 31, 2015 consisting of mainly pharmacogenomics testing.