Nexien Biopharma, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 12, 2020 at 06:20 am EST
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Nexien BioPharma, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced net loss was USD 696,274 compared to USD 1.959 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago. For the half year, net loss was USD 1.438 million compared to USD 2.756 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago.
Nexien BioPharma, Inc. is engaged in pre-clinical and drug development activities for certain pharmaceutical formulations that include cannabinoids. The Company is focused on developing and commercializing United States Food and Drug Administration (FDA)-compliant cannabinoid pharmaceuticals, drug delivery systems, and related technologies for diseases, disorders and medical conditions. Its flagship research and development programs are focused on advancing formulations that have the potential to improve the treatment outcomes of certain convulsive disorders and neuromuscular disorders, which includes the treatment of myotonic dystrophy. The Company's wholly owned subsidiaries include Intiva BioPharma Inc., NexN Inc. (NexN) and NexDM Inc.
NEXIEN BIOPHARMA, INC. 