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KV Pharmaceutical's losses continue in third fiscal quarter

KV Pharmaceutical's losses continue in third fiscal quarter

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Regulatory hurdles regarding the marketing of its prenatal drug, Makena, contributed to KV Pharmaceutical Co.'s continuing losses for the third fiscal quarter.

The Bridgeton-based drug maker reported a net loss of $37.8 million, or 63 cents a share, in the quarter ended Dec. 31, compared to a loss of $47.8 million, or 96 cents a share, a year ago.

Net revenues rose to $5.1 million from $3.5 million. Those revenues were outweighed by the company's operating and other expenses, which totaled $41 million in the third fiscal quarter.

"There is substantial doubt about the company's ability to continue as a going concern," KV said in a filing with the Securities and Exchange Commission.

 

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