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News Breaks
April 14, 2014
07:09 EDTRTRXRetrophin raises FY14 revenue view to $19M-$21M from $10M-$12M
One estimate $11M. Raises FY15 revenue view to $35M-$40M from $19M-$21M, one estimate $20M. Retrophin CEO Martin Shkreli said, “Reimbursement of Chenodal has remained robust, and initial efforts to find undiagnosed cerebrotendinous xanthomatosis patients are promising. We have raised our guidance for 2014 and 2015 revenue accordingly. We are very comfortable with our current cash balance and future obligations. The success of Chenodal significantly reduces our cash needs and may propel the company to profitability in the near-term. As such, we have no need or desire to explore a dilutive equity offering unless it is accompanied by an accretive and strategic acquisition. Retrophin remains opportunistic with respect to M&A and has strong access to both debt and equity capital.”
News For RTRX From The Last 14 Days
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November 24, 2014
15:22 EDTRTRXRetrophin founder Shkreli sells 1.172M shares
Martin Shkreli, the founder, former CEO and 10% shareholder of Retrophin, sold 1.172M shares of the company's stock in several transactions between November 14 and November 21 at prices ranging from about $8.23 to about $10.23, according to a regulatory filing.
November 19, 2014
15:30 EDTRTRXRetrophin founder Shkreli selling stake to fund new company, Feuerstein says
Martin Shkreli, the founder and former CEO of Retrophin, is selling his stake in the company as he tries to raise $50M of funding for a new company, Turing Pharma, reported TheStreet's Adam Feuerstein, citing sources. Reference Link
November 17, 2014
08:06 EDTRTRXRetrophin names Laura Clague as CFO
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November 13, 2014
18:40 EDTRTRXOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
17:19 EDTRTRXRetrophin lowers FY14 revenue view to $26M-$29M from $30M-$35M
Based on the slower than expected progress while initially bringing patients back on Thiola after the supply outage, Retrophin is revising its 2014 financial guidance. The company now expects full-year 2014 revenues to be between $26M and $29M, down from the previously listed range of $30M to $35M. The company is removing the previously stated 2015 financial guidance and will be providing new 2015 financial guidance when year-end financial results are reported, which will be its new standard of practice.
17:16 EDTRTRXRetrophin reports Q3 EPS (53c) vs (20c) last year
Net sales for the third quarter of 2014 were $8.3M from product sales of Chenodal, Thiola and Vecamyl. Retrophin reported no revenue for the third quarter of 2013.

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