Last $2.83 USD
Change Today +0.04 / 1.43%
Volume 961.2K
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

achillion pharmaceuticals (ACHN) Key Developments

Achillion Announces Management Changes

Achillion Pharmaceuticals, Inc. announced that Mary Kay Fenton has been promoted to Executive Vice President and Chief Financial Officer and that Joseph Truitt has been promoted to Executive Vice President and Chief Commercial Officer.

Achillion Pharmaceuticals, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for 2014

Achillion Pharmaceuticals, Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the three months ended December 31, 2013, the Company reported a net loss of $13.4 million or $0.14 per basic and diluted share, compared to a net loss of $11.2 million or $0.14 per basic and diluted share in the three months ended December 31, 2012. Loss from operations was $13,494,000 against $11,254,000 a year ago. For the full year ended December 31, 2013, the company's net loss was $59.0 million, or $0.63 per share, compared to a net loss of $47.1 million for the year ended December 31, 2012, or $0.64 per share. Loss from operations was $59,477,000 against $47,293,000 a year ago. The company expects that net cash used in operating activities in 2014 will be approximately $60 to $65 million based on current operating plans, anticipated timelines and the estimated cost of clinical trials and product development programs. The net loss per share is anticipated to approximate $0.70 per share.

Achillion Mulls Acquisitions

Achillion Pharmaceuticals, Inc. (NasdaqGS:ACHN) has filed a shelf registration in the amount of $150 million. The proceeds will be used for general corporate purposes may include research and development expenditures, the acquisition of companies or businesses, repayment and refinancing of debt, working capital and capital expenditures.

Achillion Pharmaceuticals, Inc. Presents at 2014 Leerink Swann Global Healthcare Conference, Feb-13-2014 08:55 AM

Achillion Pharmaceuticals, Inc. Presents at 2014 Leerink Swann Global Healthcare Conference, Feb-13-2014 08:55 AM. Venue: The Waldorf Astoria Hotel, New York, New York, United States. Speakers: Milind S. Deshpande, Chief Executive Officer, President and Director.

Achillion Pharmaceuticals, Inc. Presents at Cowen & Co. 34th Annual Health Care Conference, Mar-03-2014 01:30 PM

Achillion Pharmaceuticals, Inc. Presents at Cowen & Co. 34th Annual Health Care Conference, Mar-03-2014 01:30 PM. Venue: Marriott Copley Place Hotel, Boston, Massachusetts, United States. Speakers: Milind S. Deshpande, Chief Executive Officer, President and Director.

 

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