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250-511 exam Dumps Source : Administration of Symantec(TM) Data Loss(R) Prevention 11
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Test name : Administration of Symantec(TM) Data Loss(R) Prevention 11
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MOUNTAIN VIEW, Calif.--(business WIRE)--Symantec Corp. (NASDAQ:SYMC), the global leader in cyber safety, today added Symantec advanced desultory insurance policy (ATP), the first solution that can notice and remediate superior threats across manage facets, from a solitary console with only a click, full and not using a new endpoint agents to set up.
advanced threats, reminiscent of ransomware, far flung entry trojans, advanced persistent threats (APTs) and 0 day attacks, are on the upward thrust and protection authorities can now not rely on the expend of particular person aspect products at each and every manage constituent to cease them. The procedure of uncovering risk data across endpoint, community and electronic mail gateways is manual and time-drinking, which offers attackers an side. Symantec ATP correlates suspicious exercise throughout full ply aspects and prioritizes the activities that pose probably the most risk to an organization. once a vital risk is recognized, it will possibly now exist rapidly contained and new instances may besides exist blocked.
Symantec ATP makes it practicable for valued clientele to:
“security gurus are constantly on their toes trying to panoply screen and cease the subsequent cyber-attack,” mentioned Michael A. Brown, president and CEO, Symantec. “We’re relocating the trade forward with Symantec advanced danger protection with the aid of giving clients an entire photo of their gross traffic from a solitary console. Now they could clear out the uproar and quickly find and remediate an assault.”
cutting back the uproar for customers with Symantec ATP occurs in a brace of methods. First, Symantec’s tall world possibility intelligence combined with local customer records means companies beget a more redress view of which threats pose the greatest risk interior their infrastructure. moreover, Symantec ATP comprises Symantec CynicTM, a brand new cloud-based sandboxing and payload detonation carrier to find and prioritize nowadays’s most superior threats. It additionally includes SynapseTM, a pass-control aspect correlation talent that collects suspicious activity across endpoints, networks and e-mail to prioritize people who are of premiere possibility to the firm.
“Our new Synapse and Cynic technologies travail together to supply up to 30 percent superior detection than latest products out there1,” said Balaji Yelamanchili, executive vice president and accepted manager of enterprise security company, Symantec. “earlier than, a security professional would exigency to manually determine to peer if a suspicious file became appropriately blocked. With their new applied sciences constructed into Symantec ATP, they result the legwork for shoppers, cutting down on their search and remediation time.”
“The regular traffic uses 75 distinctive protection products,” Yelamanchili added. “That overload creates possibility for attackers because it slows down detection. Symantec ATP makes it practicable for security professionals to click on as soon as and remediate full over across full three control features.”
Symantec ATP enhances present installations of SymantecTM Endpoint coverage and e mail protection.cloud devoid of requiring any new endpoint brokers. This enables consumers to installation a brand new installing of Symantec ATP in under an hour and search attacks in minutes. The product can besides export its wealthy intelligence into third birthday celebration security incident tang managers (SIEMs). As Symantec ATP evolves, the enterprise plans to open it up to third party technology partners, together with firewall and different security product vendors, allowing consumers to enlarge the cost of their current investments.
Pricing and Availability
Symantec superior desultory coverage might exist obtainable by using conclusion of calendar 12 months 2015.starting MSRP is $40 per person yearly to at ease one manage pointStarting MSRP is $60 per person yearly to cozy two ply pointsStarting MSRP is $70 per person annually to relaxed three manage elements
Symantec agency (NASDAQ:SYMC) is the global leader in cybersecurity. operating one of the most world’s largest cyber intelligence networks, they descry more threats, and give protection to greater shoppers from the subsequent era of assaults. We assist organizations, governments and individuals relaxed their most crucial records at any site it lives.
forward-looking STATEMENTS: Any ahead-looking indication of plans for items is preparatory and full future liberate dates are tentative and are discipline to change. Any future free up of the product or planned modifications to product ability, functionality, or duty are discipline to ongoing contrast through Symantec, and might or might besides not exist applied and should not exist considered hard commitments by Symantec and may not exist relied upon in making procuring selections.
1 supply: Miercom, Symantec advanced desultory insurance policy: network, April 2015. http://miercom.com/pdf/experiences/20150218.pdf
Endpoint security products from CrowdStrike and Symantec both made eSecurity Planet's record of top conclusion point detection and response (EDR) solutions – and while each and every product has an abominable lot to proffer traffic shoppers, there are key variations between them. What follows an analysis of every solution's key aspects, in addition to some strengths and weaknesses.The base line
each solutions are rated highly through clients in addition to traffic analysts. CrowdStrike's cloud structure makes deployment strangely short and easy, notwithstanding the incontrovertible fact that or not it's a long artery less profitable offline makes it unsuitable for air-gapped networks. Symantec offers each an on-premises solution and a cloud-primarily based one, featuring a wider range of alternatives for shoppers – but it's frequently considered as being greater complicated to manage than its opponents.CrowdStrike EDR Highlights
Overview: CrowdStrike Falcon insight leverages signatureless AI and indicator-of-assault (IOA) based mostly probability prevention to proffer protection to users from full kinds of cyberattacks. Falcon offers contextualized probability intelligence with particulars on the hazard, and a five-second search utensil allows for teams to determine and investigate current and historic possibility exercise by means of going lower back one 2nd, someday or one year of pastime. The solution’s cloud-based mostly architecture is designed to give swiftly response without placing any stress on purchasers' endpoints.
recent traits: improvements over the past twelve months encompass:
Analysts' take: Gartner says the combination of Falcon OverWatch with Falcon perception EDR is certainly compelling for businesses with small or no SOC teams. The Falcon insight EDR agent offers parity throughout home windows, Mac OS and Linux systems, and valued clientele document essential and straightforward deployments, in piece as a result of the answer's cloud structure. nevertheless, the research hard says Falcon's EDR functionality requires knowledgeable technical personnel to design expend of, and its offline insurance scheme is vastly superior when related to the cloud-based Falcon platform, making it unsuitable for air-gapped (secure, remoted) networks.Symantec EDR Highlights
Overview: Symantec EDR uses behavioral evaluation at the endpoint and AI-based mostly analytics in the cloud to determine superior assaults. The respond provides a comprehensive set of detection, investigation and remediation capabilities for full tiers of investigators, together with automatic investigation playbooks and user conduct analytics. Incident responders can immediately search, determine and comprise impacted endpoints whereas investigating threats the usage of a decision of on-premises and cloud-primarily based sandboxing.
recent tendencies: improvements over the ultimate 12 months include:
Analysts' take: Gartner says Symantec is the primary seller to proffer malware coverage, EDR, device hardening and deception capabilities in a solitary agent, and its large deployment throughout a really tremendous population of both client and company endpoints offers it a very huge view into the desultory landscape throughout many verticals. still, the research company says Symantec is perceived as extra complicated and useful resource-intensive to exploit than its competitors, and its managed safety capabilities are extra expensive than those from more recent providers.EDR Product rankings
listed here are eSecurity Planet's scores of every solution's key facets.
performance: shoppers of each vendors record solid performance, with minimal beget an result on on endpoints. essentially the most fresh Forrester Wave file on EDR options gave CrowdStrike the optimum ranking of full EDR companies proven – 4.fifty six out of five – and gave Symantec a score of two.72 out of five. The rating is based on a variety of criteria, including configurability, agent effectiveness, forensic capabilities, deployment alternatives and response movements.
Detection and response: In fresh checking out, Forrester rated CrowdStrike's detection capabilities at four.eight out of 5, and its response capabilities at four.6 out of 5. Symantec's detection capabilities were rated at 2.0 out of 5, and its response capabilities at four.2 out of 5. Symantec shoppers report stronger possibility detection and containment with the addition of computer getting to know and other superior anti-malware facets, Gartner noted.
cost: while CrowdStrike is extra expensive than many other options, cloud statistics storage and managed detection and response are protected. Symantec presents managed features, however those features are greater towering priced than those from other providers.
Implementation and management: CrowdStrike's cloud architecture makes deployment certainly effortless, whatever clients time and again cite in studies. Symantec presents each cloud-primarily based and on-premises alternate options, making it more desirable suited for hybrid environments. both options require expert technical personnel to manage, although managed detection and response services can exist found.
assist: Gartner says Symantec purchasers file incompatible assist experiences, even when giant organizations are offered with committed assist personnel. nevertheless, some reviewers spoke of the identical of CrowdStrike's tech aid.
Cloud features: both organizations present cloud-based mostly options, besides the fact that children CrowdStrike's offering is purely cloud-based, giving Symantec the piece in hybrid environments.
Gartner Peer Insights clients give CrowdStrike Falcon an average rating of four.6 out of 5, with Symantec EDR following at a touchstone of four.0 stars out of 5. IT imperative Station clients supply CrowdStrike 4.0 stars out of 5, and Symantec four.1 out of 5.
CrowdStrike reviewers repeatedly stated the product’s ease of deployment, calling it "short and smooth to install" and reporting that "the sensor is truly lightweight and has no longer been considerable when operating on even aid-limited computer systems." different reviewers wrote that "the hobbies administration of this respond is manageable," and that CrowdStrike has "a different proposition with their cloud-primarily based system as neatly because the research group."
Symantec reviewers said that "implementation changed into effortless." They referred to "short whitelisting and blacklisting and informative reporting" as key advantages, including that the respond "has provided visibility insights that they were no longer receiving from other items." yet another reviewer pointed out the product "matches very neatly with their existing strategies and strategies," calling it "a superb product to give protection to your environment."
study more experiences written via users of CrowdStrike and Symantec.Deployment
The CrowdStrike Falcon platform is absolutely cloud-based mostly, allowing it to exist deployed within hours, and supports windows, Mac and Linux programs.
Symantec EDR presents cloud, on-premises and hybrid deployment models, and supports windows, Mac and Linux methods.Pricing
CrowdStrike Falcon insight is purchasable for an annual subscription payment per endpoint, with a free ordeal purchasable. AWS gives some pricing information.
Symantec EDR is priced per consumer per 12 months, with quantity discounting. Trials can exist found. CDW presents some pricing information.
A China-based mostly cyber group is carrying out an extensive hacking drive by artery of focused on satellite, telecom and protection organizations in the united states and Southeast Asia, a U.S. cybersecurity company warned this week.
The purpose of the hacking group, called "Thrip," is probably going countrywide cyber espionage, safety researchers at Symantec Corp. mentioned on Tuesday.
"Thrip’s storm on telecoms and satellite tv for pc operators exposes the probability that the attackers could intercept or even alter communications traffic from enterprises and consumers," Symantec spoke of in a press release, including that the most stressful discovery is an try to ply satellites by means of infecting linked computer systems with malware.
"The assault community gave the print to exist principally drawn to the operational aspect of the company, hunting for and infecting computer systems running application that screens and controls satellites. this suggests to us that Thrip’s factors depart beyond spying and can additionally encompass disruption," Symantec wrote in a separate blog publish.
Satellites play a Important duty in telecommunications, receiving and transmitting phone and information superhighway alerts as well as mapping and geolocation information.
Symantec observed in Tuesday's observation that it has tracked Thrip in view that 2013 and currently followed that the cyber group looks to beget "found out new tools and concepts used via the community in this most fresh set of attacks."
The possibility of the more suitable hacking toolbox is extra compounded by artery of Thrip's means to reside smartly hidden.
"They duty very quietly, blending in to networks, and are most effective establish the expend of ersatz intelligence that may determine and flag their actions," Symantec Chief government Greg Clark famous in a statement.
The traffic says it establish out the new attacks through its ersatz intelligence-based targeted assault Analytics, which helped the researchers spot the malicious habits that become hiding in reputable IT administration equipment.
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—APeX-2 24-week safety and efficacy data of once-daily oral BCX7353 for prophylaxis of hereditary angioedema (HAE) attacks on-track for Q2 2019—
—Full ZENITH-1 results validate safety and efficacy profile of oral 750 mg BCX7353 for upcoming angle 3 ordeal in acute treatment of HAE—
—Oral Factor D inhibitor, BCX9930, advancing to angle 1 progress for complement-mediated diseases—
—Recent $100 million debt financing increases monetary flexibility—
RESEARCH TRIANGLE PARK, N.C., March 04, 2019 (GLOBE NEWSWIRE) -- BioCryst Pharmaceuticals, Inc. (BCRX) today announced monetary results for the fourth quarter and full year ended December 31, 2018, and provided a corporate update.
“In a year with many transformative milestones for BioCryst, it has been exciting to descry so much progress already in the first two months of the year. The sturdy angle 2 clinical data from their now-completed ZENITH-1 ordeal propels their BCX7353 acute program for HAE into angle 3 development. With the very favorable preclinical profile of BCX9930, another novel BioCryst-invented oral drug for rare diseases, they are advancing that program into the clinic in the second quarter for the treatment of complement-mediated diseases. They besides added further rare disease expertise to their board and increased their monetary flexibility with a $100 million debt agreement,” said Jon Stonehouse, president and chief executive officer of BioCryst.
“We remain on-track for the readout of their APeX-2 ordeal next quarter, and an NDA filing of BCX7353 for HAE prophylaxis by the End of the year. They are thoughtfully structure their commercial leadership and infrastructure to execute a successful launch that meets the urgent claim for a once-daily oral therapy that will allow HAE patients to live a more habitual life,” Stonehouse added.
Fourth Quarter 2018 Corporate Developments
Upcoming Key Milestones
HAE Program – BCX7353
Complement Factor D Inhibitor Program – BCX9930
ALK-2 Inhibitor Program – BCX9250
Fourth Quarter 2018 monetary Results
For the three months ended December 31, 2018, total revenues were $2.7 million, compared to $3.9 million in the fourth quarter of 2017. The reduce was primarily due to a reduction of royalty revenue associated with differences in the onset and severity of the influenza seasons between the two periods. This reduce was partially offset by increased revenue from government contracts for galidesivir development, which was higher in the fourth quarter of 2018.
Research and progress (R&D) expenses for the fourth quarter of 2018 increased to $23.4 million from $16.9 million in the fourth quarter of 2017, primarily due to increased spending on the company’s HAE and preclinical programs.
General and administrative (G&A) expenses for the fourth quarter of 2018 decreased slightly to $4.5 million, compared to $4.7 million in the fourth quarter of 2017. The reduce was primarily due to the lack of merger-related costs in the fourth quarter of 2018 associated with the company’s terminated merger with Idera Pharmaceuticals, Inc. (Idera). The reduce in G&A expense due to the lack of merger expenses was largely offset by higher commercial and medical affairs expenses in the fourth quarter of 2018.
Interest expense was $2.4 million in the fourth quarter of 2018, compared to $2.2 million in the fourth quarter of 2017 and was associated with enhancing their secured credit facility in July 2018.
Net loss for the fourth quarter of 2018 was $27.4 million, or $0.25 per share, compared to a net loss of $19.5 million, or $0.20 per share, for the fourth quarter of 2017.
Cash, cash equivalents and investments totaled $128.4 million at December 31, 2018, and reflect a reduce from $159.0 million at December 31, 2017. Cash and investments reflect the proceeds from a July 2018 enhancement to their secured credit facility and an August 2018 public equity offering, offset by habitual operating expenses and merger-related costs incurred in the 12-month period. Operating cash expend for the fourth quarter of 2018 was $22.6 million, and for the full year of 2018 was $93.4 million.
On February 6, 2019, the company announced it had entered into a $100 million secured credit facility with MidCap monetary trust which further enhanced the company’s cash position with $20 million of immediate additional non-dilutive capital and provided additional monetary flexibility by providing the talent to draw another $50 million of milestone-based non-dilutive capital.
Full Year 2018 monetary Results
For the full year ended December 31, 2018, total revenues were $20.7 million, compared to $25.2 million in the full year ended December 31, 2017. The reduce in revenue was primarily associated with infrequent revenue events that occurred in 2017 that did not recur in 2018, as well as a $2.1 million reduce in revenue associated with progress activities under U.S. government contracts in 2018. The non-recurring 2017 events were the recognition of $4.1 million of royalty revenue from Japanese government stockpiling of RAPIACTA® and the recognition of $1.5 million of peramivir product sales from the company’s commercial partner, Green Cross Corporation. These decreases were partially offset by a $5.0 million milestone associated with the European Medicines Agency’s (EMA) approval of peramivir (ALPIVABTM) recognized in the second quarter of 2018.
R&D expenses in 2018 increased to $84.9 million from $67.0 million in 2017, primarily due to increased spending on their HAE and preclinical programs. These increases were partially offset by a reduce in the company’s peramivir and galidesivir progress spending in 2018.
G&A expenses in 2018 increased to $29.5 million, compared to $13.9 million in 2017. The enlarge was primarily due to approximately $11 million of merger-related costs associated with the company’s terminated merger with Idera and a $4.9 million reserve for collectability of the EMA approval milestone of peramivir.
Interest expense was $9.2 million in 2018, compared to $8.6 million in 2017.
Net loss for 2018 was $101.3 million, or $0.98 per share, compared to a net loss of $65.8 million, or $0.78 per share, for 2017.
Financial Outlook for 2019
BioCryst expects net operating cash expend to exist in the range of $105 to $130 million, and its 2019 operating expenses to exist in the range of $120 to $145 million. The company’s operating expense range excludes equity-based compensation expense due to the hardship in reliably projecting this expense, as it is impacted by the volatility and charge of the company’s stock, as well as by the vesting of the company’s outstanding performance-based stock options.
Conference convene and Webcast
BioCryst management will host a conference convene and webcast at 8:30 a.m. ET today to dispute the monetary results and provide a corporate update. The live convene may exist accessed by dialing 877-303-8027 for domestic callers and 760-536-5165 for international callers and using conference ID # 1271286. A live webcast of the convene and any slides will exist available online at the investors section of the company website at www.biocryst.com. A telephone replay of the convene will exist available by dialing 855-859-2056 for domestic callers or 404-537-3406 for international callers and entering the conference ID# 1271286.
About BioCryst Pharmaceuticals
BioCryst Pharmaceuticals discovers novel, oral small-molecule medicines that deal rare diseases in which significant unmet medical needs exist and an enzyme plays a key role in the biological pathway of the disease. BioCryst has several ongoing progress programs including BCX7353, an oral treatment for hereditary angioedema, BCX9930, an oral Factor D inhibitor for the treatment of complement-mediated diseases, galidesivir, a potential treatment for Marburg virus disease and Yellow Fever, and a preclinical program to develop oral ALK-2 inhibitors for the treatment of fibrodysplasia ossificans progressiva. RAPIVAB® (peramivir injection), a viral neuraminidase inhibitor for the treatment of influenza, is BioCryst's first approved product and has received regulatory approval in the U.S., Canada, Australia, Japan, Taiwan, Korea and the European Union. Post-marketing commitments for RAPIVAB are ongoing. For more information, tickle visit the Company's website at www.BioCryst.com.
This press release contains forward-looking statements, including statements regarding future results, performance or achievements. These statements involve known and unknown risks, uncertainties and other factors which may cause BioCryst’s actual results, performance or achievements to exist materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These statements reflect their current views with respect to future events and are based on assumptions and are matter to risks and uncertainties. Given these uncertainties, you should not site undue reliance on these forward-looking statements. Some of the factors that could impress the forward-looking statements contained herein include: that developing any HAE product candidate may select longer or may exist more expensive than planned; that ongoing and future preclinical and clinical progress of BCX9930, BCX9250 and their HAE second generation drug candidates (including APeX-2, APeX-S and APeX-J) may not beget positive results; that BioCryst may not exist able to enroll the required number of subjects in planned clinical trials of product candidates; that the company may not forward human clinical trials with product candidates as expected; that the FDA, EMA or other applicable regulatory agency may require additional studies beyond the studies planned for product candidates, or may not provide regulatory clearances which may result in detain of planned clinical trials, or may impose a clinical hold with respect to such product candidate, or withhold market approval for product candidates; that actual monetary results may not exist consistent with expectations, including that 2019 operating expenses and cash usage may not exist within management's expected ranges. tickle mention to the documents BioCryst files periodically with the Securities and Exchange Commission, specifically BioCryst’s most recent Annual Report on figure 10-K, Quarterly Reports on figure 10-Q, and Current Reports on figure 8-K, full of which identify Important factors that could cause the actual results to differ materially from those contained in BioCryst’s projections and forward-looking statements.
Contact:John Bluth+1 919 859 firstname.lastname@example.orgBIOCRYST PHARMACEUTICALS, INC. CONSOLIDATED monetary SUMMARY (in thousands, except per share) Statements of Operations (Unaudited) Three Months Ended Twelve Months Ended December 31, December 31, 2018 2017 2018 2017 Revenues: Product sales $ - $ - $ - $ 1,501 Royalty revenue 1,775 3,291 6,101 10,543 Collaborative and other research and development 954 599 14,552 13,142 Total revenues 2,729 3,890 20,653 25,186 Expenses: Cost of product sales - - - 1,142 Research and development 23,431 16,924 84,888 66,962 General and administrative 4,490 4,698 29,514 13,933 Royalty 70 129 471 560 Total operating expenses 27,991 21,751 114,873 82,597 Loss from operations (25,262 ) (17,861 ) (94,220 ) (57,411 ) Interest and other income 686 478 2,252 1,015 Interest expense (2,414 ) (2,231 ) (9,176 ) (8,565 ) (Loss) gain on exotic currency derivative (442 ) 71 (108 ) (821 ) Net loss $ (27,432 ) $ (19,543 ) $ (101,252 ) $ (65,782 ) Basic and diluted net loss per common share $ (0.25 ) $ (0.20 ) $ (0.98 ) $ (0.78 ) Weighted average shares outstanding 109,802 98,402 103,185 84,451 Balance Sheet Data (in thousands) December 31, 2018 December 31, 2017 (Unaudited) (Note 1) Cash, cash equivalents and investments $ 126,843 $ 155,692 Restricted cash 1,544 3,286 Receivables from collaborations 4,293 6,117 Total assets 146,841 178,259 Non-recourse notes payable 29,121 28,682 Senior credit facility 29,952 23,214 Accumulated deficit (731,969 ) (631,843 ) Stockholders’ equity 49,235 83,767 Shares of common stock outstanding 110,063 98,411 Note 1: Derived from audited monetary statements.
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Dr. Bristow - Photo
Dr. Michael Bristow, President and CEO, ARCA biopharma, Inc.
ARCA biopharma, Inc.
WESTMINSTER, Colo., Aug. 09, 2018 (GLOBE NEWSWIRE) -- ARCA biopharma, Inc. (Nasdaq:ABIO), a biopharmaceutical company applying a precision medicine approach to developing genetically-targeted therapies for cardiovascular diseases, today reported monetary results for the quarter ended June 30, 2018.
“The second quarter of this year saw an Important milestone for the Gencaro progress program with the completion of an End-of-Phase 2 FDA meeting that provided Important guidance for the next steps in their progress of Gencaro as potentially the first genetically-targeted treatment for atrial fibrillation,” commented Dr. Michael Bristow, ARCA’s President and Chief Executive Officer. “With travail underway on completing the Gencaro angle 3 ordeal protocol and continued progress with IND enabling activities for AB171 in PAD and HF, they believe ARCA is advancing their pipeline of genetically-targeted therapeutics to address the unmet medical needs of patients with cardiovascular disease.”
Gencaro (bucindolol hydrochloride) - a pharmacologically unique beta-blocker and mild vasodilator being developed for the potential treatment of patients with atrial fibrillation (AF) and chronic heart failure with reduced left ventricular ejection fraction (HFrEF).
AB171 – a thiol-substituted isosorbide mononitrate being developed as a potential genetically-targeted treatment for heart failure (HF) and peripheral arterial disease (PAD).
Second Quarter 2018 Summary monetary Results
Cash, cash equivalents and marketable securities totaled $9.6 million as of June 30, 2018, compared to $11.8 million as of December 31, 2017. ARCA believes that its current cash, cash equivalents and marketable securities will exist adequate to fund its operations, at its projected cost structure, through the End of the first quarter of 2019.
Research and progress (R&D) expenses for the quarter ended June 30, 2018 totaled $1.2 million compared to $4.5 million for the corresponding epoch of 2017. The $3.3 million reduce in research and progress expenses in the second quarter of 2018 as compared to the second quarter 2017 was primarily due to decreased clinical expenses following the completion of the GENETIC-AF clinical trial. The Company expects R&D expenses in 2018 to exist lower than 2017 as the GENETIC-AF clinical ordeal has been completed.
General and administrative (G&A) expenses for the quarter ended June 30, 2018 were $1.0 million, relatively unchanged compared to the $1.1 million in the second quarter of 2017. ARCA expects G&A expenses in 2018 to exist consistent with those in 2017 as it maintains administrative activities to champion ongoing operations.
Total operating expenses for the quarter ended June 30, 2018 were $2.2 million compared to $5.6 million for the second quarter of 2017. The reduce in total operating expenses for the second quarter of 2018 was primarily due to the reduce in R&D expense due to the completion of the GENETIC-AF clinical trial.
Net loss was $2.1 million, or $0.15 per share, for the second quarter of 2018 compared to $5.5 million, or $0.59 per share, for the second quarter of 2017.
About ARCA biopharma
ARCA biopharma is dedicated to developing genetically-targeted therapies for cardiovascular diseases through a precision medicine approach to drug development. ARCA’s lead product candidate, GencaroTM (bucindolol hydrochloride), is an investigational, pharmacologically unique beta-blocker and mild vasodilator being developed for the potential treatment of patients with atrial fibrillation (AF) and chronic heart failure with reduced left ventricular ejection fraction (HFrEF) which recently completed a angle 2B clinical trial. ARCA has identified common genetic variations that it believes foretell individual patient response to Gencaro, giving it the potential to exist the first genetically-targeted AF prevention treatment. ARCA has a collaboration with Medtronic, Inc. for champion of the GENETIC-AF trial. The Gencaro progress program has been granted swiftly Track designation by FDA. ARCA is besides developing AB171, a thiol-substituted isosorbide mononitrate, as a potential genetically-targeted treatment for peripheral arterial disease (PAD) and for heart failure (HF). For more information, tickle visit www.arcabio.com.
Safe Harbor Statement
This press release contains "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the talent of ARCA’s monetary resources to champion its operations through the End of the first quarter of 2019, potential future progress plans for Gencaro, the expected features and characteristics of Gencaro or AB171, including the potential for genetic variations to foretell individual patient response to Gencaro, Gencaro’s potential to deal AF, AB171’s potential to deal HF, future treatment options for patients with AF, and the potential for Gencaro to exist the first genetically-targeted AF prevention treatment. Such statements are based on management's current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the risks and uncertainties associated with: ARCA’s monetary resources and whether they will exist adequate to meet its traffic objectives and operational requirements; ARCA may not exist able to raise adequate capital on acceptable terms, or at all, to continue progress of Gencaro or to otherwise continue operations in the future; results of earlier clinical trials may not exist confirmed in future trials; the protection and market exclusivity provided by ARCA’s intellectual property; risks related to the drug discovery and the regulatory approval process; and, the impact of competitive products and technological changes. These and other factors are identified and described in more detail in ARCA’s filings with the Securities and Exchange Commission, including without limitation ARCA’s annual report on figure 10-K for the year ended December 31, 2017, and subsequent filings. ARCA disclaims any intent or obligation to update these forward-looking statements.
Investor & Media Contact:Derek Cole720.email@example.com
(Tables follow)ARCA BIOPHARMA, INC. BALANCE SHEET DATA (in thousands) (unaudited) June 30, 2018 December 31, 2017 Cash, cash equivalents & marketable securities $9,635 $11,752 Working capital $8,950 $10,229 Total assets $10,067 $12,365 Total stockholders’ equity $8,998 $10,275
ARCA BIOPHARMA, INC. STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 (in thousands, except partake and per partake amounts) Costs and expenses: Research and development $ 1,154 $ 4,508 $ 2,874 $ 7,754 General and administrative 1,002 1,051 2,055 2,186 Total costs and expenses 2,156 5,559 4,929 9,940 Loss from operations (2,156 ) (5,559 ) (4,929 ) (9,940 ) Interest and other income 43 39 84 84 Interest expense (3 ) (2 ) (6 ) (4 ) Net loss $ (2,116 ) $ (5,522 ) $ (4,851 ) $ (9,860 ) Change in unrealized loss on marketable securities — 4 2 14 Comprehensive loss $ (2,116 ) $ (5,518 ) $ (4,849 ) $ (9,846 ) Net loss per share: Basic and diluted $ (0.15 ) $ (0.59 ) $ (0.35 ) $ (1.07 ) Weighted average shares outstanding: Basic and diluted 13,923,512 9,324,822 13,772,947 9,210,186
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/af496e97-20da-420a-bf93-e51b3a3ed740
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