Cerecor Reports 2019 Results
Cerecor, Inc (CERC)
Last cerecor, inc earnings: 11/14 06:30 am
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US:NASDAQ Investor Relations:
ir.cerecor.com
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Source: GlobeNewswire
-Company Transformed Into Orphan and Rare Disease Biotech-Clear Corporate Strategy with New Leadership-Significant Advancement in Pipeline and Regulatory Milestones ROCKVILLE, Md., March 11, 2020 (GLOBE NEWSWIRE) -- Cerecor Inc. (NASDAQ: CERC), a biopharmaceutical company focused on becoming a leader in development and commercialization of treatments for rare pediatric and orphan diseases, today announced full-year results for 2019. The Company achieved significant research, development and regulatory milestones while transforming the organization through significant business development activities. “We believe the Company made aggressive steps to transform itself over the second half of 2019. The first being the divestiture of the commercial pediatric portfolio to AYTU, providing near term cash flow, eliminating the debt overhang and improving the Company’s balance sheet. The second being the merger with Aevi Genomic Medicine, which more than doubled the Company’s pipeline and
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