Hemogenyx loss widens on non-cash options charge despite lower underlying spending
Hemogenyx Pharmaceuticals ($HEMO) reported a first-half pretax loss of £6.56 million, widening from £5.01 million. Reported operating costs increased to £6.48 million, but the company attributed most of the rise to a £5.54 million non-cash share-based payment charge. Excluding that charge, underlying operating expenditure declined. Cash at the period-end was £4.58 million after £5.6 million of gross fundraising during the half. The financial update provides a clearer view of resources supporting
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