Home » MEDICURE ANNOUNCES FINANCIAL RESULTS FOR FISCAL FIRST QUARTER 2006
MEDICURE ANNOUNCES FINANCIAL RESULTS FOR FISCAL FIRST QUARTER 2006
Medicure Inc. (TSX:MPH)(AMEX:MCU), a cardiovascular drug discovery and development company, today reported the results of operations for the three-month period ended August 31, 2005. All amounts referenced herein are in Canadian dollars unless otherwise noted. The quarter was highlighted by the Company raising gross proceeds of $4,685,000 through a private placement. At August 31, 2005 the Company had cash and cash equivalents totaling $7,573,000 as compared to $7,591,000 as at May 31, 2005. The cash position is sufficient to advance the Company's lead products, MC-1 and MC-4232, up to pivotal Phase III studies.
CCN Matthews (http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&actionFor=562442)
KEYWORDS Daily International Pharma Alert
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