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UPDATE 1-TABLE-GTx Q4 loss narrows; gives '07 view
(Adds 2007 outlook)
Feb 20 (Reuters) -
GTX INC. (GTXI.O)
Latest Yr ago
qtr Loss (diluted, $/shr) 0.15 0.26 Net loss ($ million) 4.7 7.8 Total revenue ($ thousands) 4,600 646
*Source: Reuters Estimates
--The biopharmaceutical company said revenue for the latest fourth quarter included recognition of the remaining deferred revenue of $3.3 million from collaboration with Ortho Biotech Products L. P. and collaboration income of $1.5 million from Ipsen Ltd.
--For the latest fourth quarter, analysts had on average expected the company to post a loss of 35 cents a share, excluding exceptional items, on revenue of $2.05 million, according to Reuters Estimates.
--GTx expects net loss of $45 million to $55 million for 2007. The outlook includes the continuation of two late-stage Acapodene clinical trials and two mid-stage Ostarine trials which will be initiated this year, the company said. (Reporting by Aditi Samajpati in Bangalore)
