Zalicus, Inc. (NASDAQ:ZLCS)
About Zalicus, Inc. (NASDAQ:ZLCS) Zalicus Inc., formerly CombinatoRx, Incorporated, is a biopharmaceutical company engaged in developing drug candidates with a focus on the treatment of pain and inflammation. The Company has devoted substantially all of its resources to the development of its drug discovery technology and the research and development of its drug candidates, including conducting preclinical and clinical trials and seeking intellectual property protection for its technology and product candidates. On March 1, 2010, the United States Food and Drug Administration, (FDA), approved the New Drug Application (NDA) for Exalgo (hydromorphone HCl) extendedrelease tablets, for the management of moderate to severe pain in opioid tolerant patients requiring continuous, aroundtheclock opioid analgesia for an extended period of time. On December 21, 2009, the Company merged with Neuromed Pharmaceuticals, Inc. and its subsidiaries.
Statistics Symbol
ZLCS
EPS
0.29
Current Price
$2.65
Market Capitalization:
$215.46M
52 week range
$0.92 $2.72
P/E Ratio
8.28
Avg Volume
2.37M
Beta Value
1.70
Financials Zalicus, Inc. (NASDAQ:ZLCS) engendered total revenue of $1.17 million in current quarter which is noticeably less than last quarter’s closing of $2.93 million. However, net income has decreased and it produced poor result as compared to last quarter’s ending. The company’s cash flow from operations (CFO) has decreased to $23.17 million from last quarter’s ending cash flow of $26.73 million. This shows that the company is producing more cash than its expenses through its core business units which is a good sign for the investors. Total assets of company mounted up to $89.06 million as of September 30, 2010 that is 6.1% lesser than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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