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Liminal BioSciences Inc. PFSCF


Primary Symbol: LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Bullboard Posts
Comment by francois21on Aug 13, 2014 4:30pm
452 Views
Post# 22838640

RE:Will they re-affirm guidance Friday?

RE:Will they re-affirm guidance Friday?Dibah, Iwas at first expecting a second Q like the first one, and strong Q3 and Q4. First, I was expecting about $ 5.5M in Q2. But, after they took control of Nantpro and Nantpro will be considered as a subsdiary, not a limited partnership (accounting principles), they can't anymore declare the services fees as they used to do from Nantpro. The result in my book is they will declare revenues of about $ 4M to $ 4.5M (as I estimate revenues from Nantpro around $ 1M - $1.5M per Q). So in term of revenues, I expected a weaker Q, but a stronger balance sheet with Nantpro as a subsidiary. Overall, I still think they can reach the target for the year, as any deal for a protein should come with higher upfront payment, as the proteins are more Advanced and closer to the market. Just my 2 cents.....
Bullboard Posts