“Market close, ZSAN reported a wider-than-expected GAAP loss per share on higher operating expenses. Qtrypta NDA filing still on track for late 4Q19. Cash position bolstered by net proceeds of $18.4M from an April 11, 2019, common stock offering.”
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zosano Pharma with a $13 average price target.
Based on Zosano Pharma’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $10.15 million. In comparison, last year the company had a GAAP net loss of $8.21 million.
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Zosano Pharma Corp. is a clinical stage pharmaceutical company, which engages in the provision of systemic administration of therapeutics to patients. It offers Qtrypta, a drug used orally and nasally to effectively and safely treat acute migraine. The company was founded in January 2012 and is headquartered in Fremont, CA.