Jason Napodano, CFA
Research analyst, medium-term horizon, biotech, small-cap

DARA Bio - Waiting For Progress

On May 12, 2014, DARA BioSciences, Inc. (DARA) reported financial results for the first quarter ended March 31, 2014. Total revenues in the quarter were $0.161 million, falling short of our $0.220 million estimate and down sequentially from the $0.182 million reported in the fourth quarter 2013. We are very disappointed in the revenue number. DARA has spent significant time and money revamping its commercial efforts. Recent initiatives include:

    Contracting with Alamo Pharma Services, Inc., for a 20 person dedicated sales force to promote Soltamox, Gelclair, and Bionect in October 2013. The deal even allowed for the promotion of three new products - Binosto, Ferralet-90, and Aquoral - owned by Mission Pharmacal, the parent of Alamo Pharma. The...
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