Categories Earnings, Health Care

Matinas BioPharma (MTNB): Q4 2019 Earnings Snapshot

pharma stocks
Image for representation (Photo by Drew Hays on Unsplash)

— Matinas BioPharma (NYSE: MTNB) reported loss of $0.04 per share in the fourth quarter of 2019, vs $0.03 per share loss expected. 

— Initiated ENHANCE-IT study of MAT9001 against Vascepa. Topline data expected Q4 2020.

— Cash, cash equivalents and marketable securities at December 31, 2019 were approx. $27.8 million, compared to $12.4 million a year ago. 

— MTNB shares ended down 2.75% in its last trading session on Friday.  

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