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News Breaks
June 19, 2014
08:02 EDTIGIGI Laboratories announces fourth ANDA submission in 2014
IGI Laboratories announced it has submitted another abbreviated new drug application to the FDA, which brings the company's total number of ANDA submissions in 2014 to four, with fifteen submissions now pending at the FDA.
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May 28, 2015
08:04 EDTIGIGI Laboratories submits third ANDA in 2015
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May 27, 2015
09:14 EDTIGIGI Laboratories management to meet with Craig Hallum
Meeting to be held in Chicago on May 28 hosted by Craig Hallum.
08:05 EDTIGIGI Laboratories sees FY15 revenue $35M-$45M, consensus $38.69M
Expects sequential improvement in quarter over quarter in total revenue for the remainder of the year. Sees FY15 gross margin 43%-50% due to sequential improvement in gross margin quarter over quarter for the remainder of the year. The company continues to expect to submit an additional four ANDAs before June 30, 2015, and intends to have submitted a total of 20 ANDAs by the end of 2015. In order to complete all of the development work required for the 2015 filings, the company expects to spend between $13M and $14.5M in research and development by the end of 2015. As a result of the expected sequential increase in total revenue in the third and fourth quarter of 2015, the company intends to return to a break-even operating margin in the fourth quarter of 2015.
08:05 EDTIGIGI Laboratories sees Q2 revenue $7M-$8M, consensus $9.78M
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