BioPharma Stock Alert for CombinatoRx Inc. Issued by MicroStockProfit
May 05 2010 - 5:50AM
MicroStockProfit.com announces an investment report featuring
CombinatoRx Inc. (Nasdaq:CRXX). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
www.microstockprofit.com/ads/CRXX
CombinatoRx Inc. (CRXX) is a biopharmaceutical company focused
on developing synergistic combination pharmaceuticals. The Company
has devoted substantially all of its resources to the development
of its drug discovery technology and the research and development
of its drug candidates, including conducting preclinical and
clinical trials and seeking intellectual property protection for
its technology and product candidates. Its portfolio of clinical
product candidates targets multiple diseases including
immuno-inflammatory diseases, metabolic disease, chronic pain and
topical dermatoses. In December 2009, CombinatoRx and Neuromed
Pharmaceuticals Inc. announced that they have merged.
Message Board Search for CRXX:
http://www.boardcentral.com/boards/CRXX
In the report, the analyst notes:
"Total revenue was $8.6 million in the fourth quarter of 2009
compared to $3.5 million reported in the fourth quarter of 2008.
For the year ended December 31, 2009, revenue was $17.3 million
compared to $12.3 million for 2008. Revenue increased from 2008 to
2009 due to the accelerated recognition of deferred revenue related
to the early termination of the Company's agreement with
Angiotech.
"Net income for the quarter ended December 31, 2009, was $25.2
million, or $0.57 per share, as compared to a $15.2 million loss,
or ($0.43) per share, in the fourth quarter of 2008. Stock-based
compensation expense was approximately $0.8 million in the fourth
quarter of 2009 as compared to $0.9 million in the fourth quarter
of 2008."
To read the entire report visit:
www.microstockprofit.com/ads/CRXX
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