Acorda Therapeutics Inc. (NASDAQ:ACOR)
About Acorda Therapeutics Inc. (NASDAQ:ACOR) Acorda Therapeutics, Inc. (Acorda) is a commercial-stage biopharmaceutical company engaged in the identification, development and commercialization of therapies that improve neurological function in people with multiple sclerosis (MS), spinal cord injury (SCI) and other disorders of the nervous system. The first product for which the Company completed clinical development, Ampyra (dalfampridine) Extended Release Tablets (Ampyra), was approved by the United States Food and Drug Administration (FDA) in January 2010, as a treatment to improve walking in patients with MS. Ampyra is an extendedrelease tablet formulation of dalfampridine (4-aminopyridine (4-AP)), which was previously referred to as fampridine. Acordaâ€™s marketed product, Zanaflex Capsules, is approved by the FDA as a short-acting drug for the management of spasticity.
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Financials Acorda Therapeutics Inc. (NASDAQ:ACOR) generated total revenue of $63.62 million in current quarter which is slightly greater than previous quarter’s revenue of $60.58 million. Moreover, operating and net income have gone up which led to increasein EPSfor the current quarter. The company’s cash flow from operation stood at negative $20.80 million as contrasted to last quarter’s cash flow from operation which was placed at negative $50.05 million. Negative CFO shows that the company generated less cash than its expenses. According to most recent financials as on September 30, 2010 total assets mount up to $331.42 million. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $189.06million and $142.36million respectively.
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