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News Breaks
August 5, 2014
08:18 EDTDSCODiscovery Labs reports Q2 EPS (12c), consensus (15c)
Reports Q2 revenue $1.09M, consensus $580.000. Included in the EPS net loss is the change in fair value of certain common stock warrants that are classified as derivative liabilities, resulting in non-cash income of $1.4M.
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October 15, 2014
07:36 EDTDSCODiscovery Labs to collaborate with Battelle For Aerosurf program
Discovery Laboratories has entered into a strategic collaboration with Battelle, an independent research and development organization with 35 years of specific expertise in aerosol science. The parties intend to further develop Discovery Labs' proprietary capillary aerosol generator - or CAG - for use in the planned Aerosurf phase 3 clinical program and, if approved, initial commercialization. The CAG is currently being used in neonatal intensive care units for the company's Aerosurf phase 2 clinical program for the treatment of respiratory distress syndrome in premature infants. Battelle and Discovery Labs generally will share equally in the agreed costs of the device development for the Aerosurf RDS program. In consideration for its investment and expertise, Battelle will receive warrants and future royalties on AEROSURF sales and license sales revenues.

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