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qrxpharma ltd-sponsored adr (QRXPY) Snapshot

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03/21/14 - $4.35
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qrxpharma ltd-sponsored adr (QRXPY) Details

QRxPharma Limited develops and commercializes biopharmaceutical products primarily in Australia. It develops proprietary Dual Opioid formulations for treating patients with moderate to severe acute or chronic pain. The company develops pain management products consisting of Moxduo Immediate Release, an oral capsule for the treatment of moderate to severe acute pain; Moxduo Controlled Release oral tablet for chronic pain; and Moxduo Intravenous formulation for hospital-based, post-surgical pain, as well as Pro-drug/Hybrid Dual Opioids. It also offers abuse prevention products, including Stealth Beadlets abuse deterrent technology. QRxPharma Limited is based in North Sydney, Australia.

qrxpharma ltd-sponsored adr (QRXPY) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$441.2K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$262.8K
Senior Vice President of Global Business Deve...
Total Annual Compensation: A$326.6K
Senior Vice President of Regulatory Affairs a...
Total Annual Compensation: A$65.1K
Compensation as of Fiscal Year 2014.

qrxpharma ltd-sponsored adr (QRXPY) Key Developments

QRxPharma Limited Reports Consolidated Earnings Results for the Half-Year Ended December 31, 2014

QRxPharma Limited reported consolidated earnings results for the half-year ended December 31, 2014. For the period, the company reported loss from continuing operations and net loss attributable to owners of the company of AUD 4.7 million or 2.9 cents per basic and diluted share compared to a net loss of AUD 5.1 million or 3.5 cents per basic and diluted share for the half-year ended December 31, 2013. The company reported revenue from continuing operations of AUD 6,000 compared to AUD 620,000, loss before income tax of AUD 4,737,000 compared to AUD 5,132,000, net cash outflow from operating activities of AUD 5,122,000 compared to AUD 5,962,000 and payments for property, plant and equipment payments for property, plant and equipment of AUD 7,000 compared to AUD 60,000 for the last year.

QRxPharma Limited Reports Preliminary Earnings Results for the Financial Year Ended June 30, 2014

QRxPharma Limited reported preliminary earnings results for the financial year ended June 30, 2014. For the year, the company's revenue from ordinary activities was down 84% to AUD 670,000. Net loss from ordinary activities after tax attributable to members was up 32% to AUD 13,335,000. Net loss from ordinary activities The net loss of AUD 13.3 million against net loss AUD 10.1 million a year ago, resulted from the group's continuing efforts to secure approval for immediate release Moxduo(R), a Dual Opioid(R), for the treatment of moderate to severe acute pain. The net loss includes Research and development expenditure of AUD 6.0 million against AUD 8.3 million in 2013 which includes AUD 3.7 million against AUD 4.4 million in 2013 for clinical and regulatory activities associated with the progression of the NDA for immediate release Moxduo with the FDA, including preparation for the FDA Advisory Committee together with advancing the regulatory filings in Europe, Australia and Canada; with a decrease in spend on product and manufacturing process development to AUD 1.2 million against AUD 2.9 million in 2013.

QRxPharma Limited Announces Board Changes

QRxPharma Limited announced that Chairman, Dr. Peter Farrell and Director, Dr. Gary Pace have resigned from the QRxPharma board effective at 9:50 am (AEST) 9 July 2014 prior to commencement of the General Meeting (GM) requisitioned by shareholders associated with Langley Walker. It is expected that Bruce Hancox and Dr. Richard Treagus will be appointed as directors pursuant to resolutions in the requisitioned notice of meeting, with those appointments taking effect from the close of the meeting. The Company also announced that directors Peter Campbell and Michael Quinn have tendered their resignations from the QRxPharma board.


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