Acasti Pharma Reports Third Quarter Results
17 1월 2012 - 10:01PM
Acasti Pharma ("Acasti") (TSX.V:APO), a Neptune Technologies &
Bioressources Inc's ("Neptune") subsidiary, today report its
financial results for the three and nine-month periods ended
November 30, 2011.
Three-Month period
- Research and development expenses for the three-month period
ended November 30, 2011 amounted to $1,371,000 compared to $354,000
for the corresponding period ended November 30, 2010.
- EBITDA for the three-month period ended November 30, 2011
resulted in a negative $1,677,000, compared to a negative $567,000
obtained during the corresponding period ended November 30,
2010.
- Net loss amounted to $2,207,000, or $0.03 per share for the
three-month period ended November 30, 2011, compared to $618,000,
or $0.02 per share, for the corresponding period ended November 30,
2010.
Nine-Month period
- Research and development expenses for the nine-month period
ended November 30, 2011 amounted to $2,745,000 compared to $942,000
for the corresponding period ended November 30, 2010.
- EBITDA for the nine-month period ended November 30, 2011
resulted in a negative $3,624,000, compared to a negative
$1,373,000 obtained during the corresponding period ended November
30, 2010.
- Net loss amounted to $4,954,000, or $0.08 per share for the
nine-month period ended November 30, 2011, compared to $1,866,000,
or $0.14 per share, for the corresponding period ended November 30,
2010.
About Acasti Pharma Inc.
Acasti Pharma is developing a product portfolio of proprietary
novel long-chain omega-3 phospholipids. Phospholipids are the major
component of cell membranes and are essential for all vital cell
processes. They are one of the principal constituents of High
Density Lipoprotein (good cholesterol) and, as such, play an
important role in modulating cholesterol efflux. Acasti Pharma's
proprietary novel phospholipids carry and functionalize the
polyunsaturated omega-3 fatty acids EPA and DHA, which have been
shown to have substantial health benefits and which are stabilized
by potent antioxidants. Acasti Pharma is focusing initially on
treatments for chronic cardiovascular and cardiometabolic
conditions within the over-the-counter, medical food and
prescription drug markets.
About Neptune Technologies & Bioressources
Inc. (Nasdaq:NEPT) (TSX-V:NTB)
Neptune is an industry-recognized leader in the innovation,
production and formulation of science-based and clinically proven
novel phospholipid products for the nutraceutical and
pharmaceutical markets. The Company focuses on growing consumer
health markets including cardiovascular, inflammatory and
neurological diseases driven by consumers taking a more proactive
approach to managing health and preventing disease. The Company
sponsors clinical trials aimed to demonstrate its product health
benefits and to obtain regulatory approval for label health claims.
Neptune is continuously expanding its intellectual property
portfolio as well as clinical studies and regulatory approvals.
Neptune's products are marketed and distributed in over 30
countries worldwide.
"Neither Nasdaq nor the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995 and Canadian securities laws. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other unknown factors that could cause the actual results of the
Company to be materially different from historical results or from
any future results expressed or implied by such forward-looking
statements. In addition to statements which explicitly describe
such risks and uncertainties, readers are urged to consider
statements labeled with the terms "believes," "belief," "expects,"
"intends," "anticipates," "will," or "plans" to be uncertain
and forward-looking. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties
that are described from time to time in the Company's reports filed
with the Securities and Exchange Commission and the Canadian
securities commissions.
CONTACT: Acasti Contact:
Tina Sampalis
President
+1 450.686.4555
t.sampalis@acastipharma.com
Xavier Harland
Chief Financial Officer
+1.450.687.2262
x.harland@acastipharma.com
www.acastipharma.com
Howard Group Contact:
Dave Burwell
(888) 221-0915
dave@howardgroupinc.com
www.howardgroupinc.com
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