Last $1.94 USD
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Volume 492.1K
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discovery laboratories inc (DSCO) Snapshot

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discovery laboratories inc (DSCO) Details

Discovery Laboratories, Inc., a specialty biotechnology company, focuses on developing life-saving products for critical-care patients with respiratory disease and care in pulmonary medicine. Its drug technology produces a synthetic peptide-containing surfactant (KL4 surfactant), as well as in liquid, lyophilized, and aerosolized dosage forms; and develops drug delivery technologies to enable efficient delivery of its aerosolized KL4 surfactant. The company’s product includes SURFAXIN Intratracheal suspension for the prevention of respiratory distress syndrome (RDS) in premature infants. It is also developing AEROSURF, a drug-device combination product that is in Phase IIa clinical trials for the treatment of RDS in premature infants; and AFECTAIR devices, which are novel disposable aerosol-conducting airway connectors for infants. The company has a strategic alliance with Laboratorios del Dr. Esteve, S.A. for the development, marketing, and sale of KL4 surfactant products in Andorra, Greece, Italy, Portugal, and Spain. Discovery Laboratories, Inc. was founded in 1992 and is headquartered in Warrington, Pennsylvania.

126 Employees
Last Reported Date: 03/17/14
Founded in 1992

discovery laboratories inc (DSCO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $493.3K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $380.3K
Senior Vice President of Research and Develop...
Total Annual Compensation: $336.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $303.5K
Compensation as of Fiscal Year 2013.

discovery laboratories inc (DSCO) Key Developments

Discovery Laboratories Inc. Approves an Amendment to Certificate of Incorporation

Discovery Laboratories Inc. announced that at the annual general meeting held on June 10, 2014, shareholders of the company approved an amendment to the company's certificate of incorporation to increase the number of authorized shares of common stock from 150 million shares to 250 million shares.

Discovery Laboratories, Inc. Announces Executive Appointments

Discovery Laboratories Inc. announced that it has strengthened its scientific leadership. Effective immediately, Steve Simonson, M.D., M.H.S. has joined the company as Vice President, Clinical Development, and Lawrence Weinstein has joined as Vice President, Medical Device Development. Dr. Simonson will oversee all aspects of clinical research, with responsibility for design and execution of clinical trials, and Mr. Weinstein will oversee all aspects of medical device research, design, and development. Their initial focus will be on the development of AEROSURF(R), Discovery Labs' combination drug/device product, which is currently in phase 2 development to provide KL4 surfactant therapy through nasal continuous positive airway pressure (nCPAP) for respiratory distress syndrome (RDS) in premature infants. Both Dr. Simonson and Mr. Weinstein will report to Dr. Russell Clayton, Discovery Labs' Senior Vice President, Research and Development. Most recently, Dr. Simonson was an Executive Director in the Molecule Development Group at Covance. Most recently, Mr. Weinstein served as President and Chief Operating Officer for ALR Technologies.

Discovery Laboratories, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Cash Flow Guidance for the Second Quarter of 2014

Discovery Laboratories Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $31,000 against $72,000 for the same period a year ago. Operating loss was $10,763,000 against $12,620,000 for the same period a year ago. Net loss was $11,476,000 or $0.14 loss per common share against $12,635,000 or $0.29 loss per common share for the same period a year ago. The company provided cash flow guidance for the second quarter of 2014. The company anticipates operating cash outflows before financing activities of approximately $11 million.


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