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EMMA

Emmaus Life Sciences

$0.00

(0.00%)

08:02
10/11/19
10/11
08:02
10/11/19
08:02

Emmaus Life Sciences reports Q3 preliminary gross sales $7M

Emmaus Life Sciences reported preliminary gross sales results of $7M for the third quarter ended September 30, 2019 compared to $6.2M for the second quarter ended June 30, 2019 based on total boxes shipped. In addition, the company achieved its highest level of monthly gross sales in 2019 with $2.6M for the month of September. "We continue to make progress in the commercialization and roll-out of Endari in the U.S., which is reflected in our preliminary gross sales results for the third quarter," said CEO Yutaka Niihara. "Furthermore, we are working with several of our key distributors in accessing additional classes of trade and/or other SCD patient groups in order to make Endari more widely available. In addition, our plans to broaden Endari's expansion throughout the global marketplace continue to move forward as well as studying the use of the same pharmaceutical-grade L-glutamine oral powder used in Endari as a new therapy for treating patients with diverticulosis and diabetes."

EMMA Emmaus Life Sciences
$0.00

(0.00%)

09/24/19
DAWS
09/24/19
DOWNGRADE
DAWS
Neutral
Emmaus Life Sciences downgraded to Neutral from Buy at Dawson James
Dawson James analyst Jason Kolbert downgraded Emmaus Life Sciences to Neutral from Buy while MYnd Analytics works towards an IPO after having combined with Emmaus in July. While his assumptions for MYnd's business are unchanged and he is fundamentally a believer in the company's science and technology, Kolbert originally expected the company to raise between $12M-$15M, or a year's worth of operating capital, in its IPO, which may have changed and gives him reason for concern. Raising less money may not provide enough capital to get to "break-through" revenues, said Kolbert.

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