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Financial Report: Anacor Pharmaceuticals

Decline in R&D agreements impacts revenues

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Anacor Pharmaceuticals

1Q Revenues: $1.7 million (-29%)

1Q Loss: $15.1 million (loss of $14.3 million in 1Q12)

Comments: Contract revenue decline was due to a decrease in research work performed under R&D agreements. R&D expenses were $11.2 million, down 12%. On April 5, 2013, the company entered a research agreement with the Gates Foundation to discover drug candidates to treat elephantiasis and tuberculosis. Anacor will receive as much as $17.7 million over three years for research activities.

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