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Anthera Pharmaceuticals Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 15, 2018. Its latest SEC filing is a 3 from Sep 12, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Develops a non-porcine digestive-enzyme treatment for people with pancreatic insufficiency and a medicine candidate for patients with IgA nephropathy.

How Did They Make Money?

A former collaboration partner, Zenyaku, reimbursed research costs as the work was done; license fees were tied to the product-development period. The collaboration ended in 2016.

FY2012 revenue

Who Were Their Customers?

A former collaboration partner, Zenyaku, reimbursed research costs; the company had not generated revenue from commercial product sales.

Did Revenues Turn Into Profits?

No. It lost $45.3M in FY2012.

Operating income, FY2012
−22830% of revenue
Net income, FY2012
−18502% of revenue
Free cash flow, FY2012
−30140% of revenue

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Net income
▼ −31% (Loss)
vs −$11.2M in Q1 FY2017
  • Jul 9, 2018 Plans to delist and deregister its shares The company planned to file Form 25 to remove its shares from Nasdaq and deregister them with the SEC.
  • Jun 27, 2018 Withdraws its appeal of Nasdaq delisting Nasdaq said trading would be suspended after the company withdrew its request for a hearing.
  • Mar 12, 2018 Stops Sollpura development after its Phase 3 study misses the primary endpoint The company said it would discontinue further development of Sollpura and review strategic alternatives.

Shrank. Revenue fell 76% in 2 years, from $1M in FY2010 to $245K in FY2012, about 51% a year.

Who Did They Compete With?

Competes with Abbvie, Janssen/J&J, Allergan, Chiesi, and AzurRx

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