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Financial Report: Anacor Pharmaceuticals

Development milestone boost results

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Anacor Pharmaceuticals
 
4Q Revenues: $3.3 million (+27%)

4Q Loss: $12.5 million (loss of $14.5 million 4Q11)

FY Revenues: $10.7 million (revenues were $20.3 million FY11)

FY Loss: $56.1 million (loss of $47.9 million FY11)

Comments: Growth in the quarter was primarily due to the $1.0 million development milestone under a collaboration with Lilly, partially offset by decreases in revenues from our neglected diseases programs. R&D expenses were down 14% to $12.0 million in the quarter.

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