OXiGENE, Inc. (NASDAQ:OXGN)
About OXiGENE, Inc. (NASDAQ:OXGN) OXiGENE, Inc. (OXiGENE) is a clinical-stage, biopharmaceutical company developing therapeutics to treat cancer and eye diseases. OXiGENEâ€™s primary focus is the development of product candidates referred to as vascular disrupting agents, (VDAs), that disable and destroy abnormal blood vessels that provide solid tumors a means of growth and survival and also are associated with visual impairment in a number of ophthalmological diseases and conditions. ZYBRESTAT is its lead candidate. OXiGENEis evaluating ZYBRESTATin a 60-patient, randomized, controlled Phase II clinical trial, which it refers to as the FALCONtrial, as a potential first-line treatment for non-small cell lung cancer (NSCLC).OXiGENE is pursuing development of OXi4503, a second-generation, dual-mechanism VDA, as a treatment for certain solid tumor types.
52 week range
$0.19 - $1.38
Financials OXiGENE, Inc. (NASDAQ:OXGN) engendered net income of negative $13.54 million in current quarter which is enormously less than previous quarter’s net income of $2.54 million. Moreover, net income is negative which led to negative EPSfor the current quarter. The company’s cash flow from operation stood at negative $17.94million as contrasted to last quarter’s cash flow from operation which was placed at negative $13.41 million. CFOis kept decreasing which is not a good sign and it shows if this trend continuous than company could face some liquidity problems in future. The company’s total assets accumulate up to $7.68 million as per its latest financials as on September 30, 2010. Current assets claim to have the highest contribution in the total assets. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $15.23 million and negative $7.55 million respectively.
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