March 11, 2020 / 9:14 PM / a month ago

BRIEF-Pfenex Says Q4 Revenue Rose 628% To $24.4 Million

March 11 (Reuters) - Pfenex Inc:

* BELIEVES PF708 HAS POTENTIAL TO BECOME COST-EFFECTIVE ALTERNATIVE TO FORTEO, WHICH HAD $1.4 BILLION IN 2019 SALES

* PFENEX REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS AND PROVIDES BUSINESS UPDATE

* Q4 REVENUE ESTIMATE $17.2 MILLION — REFINITIV IBES DATA

* BELIEVES EXISTING CASH AND CASH INFLOW FROM OPERATIONS WILL BE SUFFICIENT TO MEET PFENEX’S ANTICIPATED CASH NEEDS FOR AT LEAST NEXT 12 MONTHS Source text for Eikon: Further company coverage:

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