MedWatch

Zealand Pharma's deficit grows in quarter with product divestment

The Danish biotech company has also lowered its full-year expectations for rescue pen Zegalogue.

Photo: Zealand Pharma / PR

Zealand Pharma has been busy during the year’s second quarter, where the biotech firm completed a directed share issuance, received data from the substance dapiglutide against obesity and sold off insulin pump V-Go.

On the top line, the company generated DKK 28.4m (USD 3.9m) during the three months of April, May, and June, which lead to a net deficit of DKK 432.4m (USD 60m), which fell short of comparable periods last year when revenue amounted to DKK 36.5m (USD 5.1m) and the deficit totaled DKK 297.4m (USD 41m).

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