Navidea Biopharma (NAVB) Reports In-Line Q4 EPS
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Navidea Announces Fourth Quarter and Full Year 2014 Results
March 5, 2015 7:30 AM ESTManagement hosting webcast and conference call on March 5, 2015 at 8:30 a.m. EST
DUBLIN, Ohio--(BUSINESS WIRE)-- Navidea Biopharmaceuticals, Inc. (NYSE MKT: NAVB), today announced results for the fourth quarter and year ended December 31, 2014. Navidea reported total revenue for 2014 of $6.3 million including Lymphoseek® (technetium Tc 99m tilmanocept) injection sales revenue of $4.2 million. Projected guidance for Navideas share of Lymphoseek revenue in 2015 is $10 million to $12 million. Based on expected revenue run rates and consistent with revenue guidance, Navidea expects to achieve break-even cash flow in first quarter 2016 based on our current strategic plans.... More
Navidea and Norgine Enter European Commercial Partnership for Lymphoseek®; Navidea to Receive $2 Million Upfront Payment
March 5, 2015 7:15 AM EST- Strategic partnership provides market development, sales and marketing infrastructure for Lymphoseek expansion into European marketplace
DUBLIN, Ohio--(BUSINESS WIRE)-- Navidea Biopharmaceuticals, Inc. (NYSE MKT: NAVB) and SpePharm AG (an affiliate of Norgine BV), a European specialist pharmaceutical company with an extensive pan-European presence, today entered into an exclusive sublicense agreement for the commercialization and distribution of Lymphoseek® 250 microgram kit for radiopharmaceutical preparation (tilmanocept) in the European Union. Under the terms of the agreement, Navidea will receive an upfront payment of $2 million and is eligible to receive additional... More
