Flexion Therapeutics, Inc. (NASDAQ:FLXN) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
Flexion Therapeutics, Inc. (the “Company”) estimates that, as of March 31, 2017, it had $187.5 million in cash, cash equivalents, and marketable securities. This amount reflects the Company’s preliminary estimate, has not been reviewed by the Company’s auditors, PricewaterhouseCoopers LLP, and may differ from the amount that will be reflected in the Company’s consolidated financial statements as of March 31, 2017.
The information in this Item 2.02 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
About Flexion Therapeutics, Inc. (NASDAQ:FLXN)
Flexion Therapeutics, Inc. is a United States-based specialty pharmaceutical company. The Company is focused on the development and commercialization of local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis (OA), a type of degenerative arthritis. The Company’s lead product candidate, Zilretta, is a late-stage, injectable, extended-release, intra-articular (IA) investigational steroid. The Company is developing Zilretta as a treatment for patients with moderate to severe OA knee pain. The Company has specifically designed Zilretta to combine a steroid, triamcinolone acetonide (TCA) with poly lactic-co-glycolic acid (PLGA), for providing sustained therapeutic concentrations in the joint and persistent analgesic effect. The Company’s other product candidates include FX007 for post-operative pain and FX005 for the treatment of end-stage OA patients. The Company is engaged in conducting a Phase IIb clinical trial of Zilretta. Flexion Therapeutics, Inc. (NASDAQ:FLXN) Recent Trading Information
Flexion Therapeutics, Inc. (NASDAQ:FLXN) closed its last trading session down -0.25 at 25.96 with 198,839 shares trading hands.