UPDATE 1-Pozen swings to Q2 loss as licensing rev slumps
* Q2 loss/shr $0.14 vs est loss/shr $0.15
* Q2 rev $4.9 mln vs $33.1 mln a yr-ago
July 28 (Reuters) - Pharmaceutical company Pozen Inc (POZN.O) posted an 84 percent slump in its licensing revenue, as it swung to a quarterly loss that scarped in ahead of market expectations.
For the second quarter, the company reported a net loss of 4.3 million, or 14 cents a share, compared with a profit of $13.3 million, or 43 cents a share, a year ago.
Revenue for the quarter was $4.9 million, down from $33.1 million in the year-ago quarter that included a $20 million milestone for a new drug application approval of Treximet, and $8.6 million of revenue for development work.
Analysts, on average, expected the company to post a loss of 15 cents a share, excluding items, on revenue of $5.2 million, according to Reuters Estimates.
For the alerts, please double-click [ID:nWNBB3858] (Reporting by Shailesh Kuber in Bangalore; Editing by Savio D'Souza)








