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Stock impact report

Plus Therapeutics Reports Third Quarter 2019 Financial and Business Results

PLUS THERAPEUTICS, Inc. (PSTV) 
Company Research Source: GlobeNewswire
AUSTIN, Texas, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Plus Therapeutics, Inc. (Nasdaq: PSTV) (the “Company”) today announced financial and business results for the third quarter of 2019. Third quarter 2019 net income from continuing operations was $0.5 million, or $0.03 per share. Total net income for the quarter after factoring in discontinued operations was also $0.5 million, or $0.03 per share. Operating cash burn for the quarter was approximately $2.1 million. Plus Therapeutics ended the quarter with approximately $16.8 million of cash and cash equivalents. “Plus Therapeutics emerges from the third quarter with the financial strength, development focus and cost structure to achieve long-term viability and growth,” said Dr. Marc Hedrick, President and Chief Executive Officer of Plus Therapeutics. “We believe our company is now poised to aggressively move its pipeline through important milestones and to eventual market leadership. We believe that our pipeline has the potentia Show less Read more
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