Epix to restate past financial reports

AuntMinnie.com staff writers
Feb 25, 2007

MRI contrast developer Epix Pharmaceuticals says it will restate its financial statements to record additional noncash charges for stock-based compensation expenses related to past option grants.

The Lexington, MA-based company said the restatement is required because the appropriate measurement dates for financial accounting purposes of certain stock option grants differ from the recorded grant dates of those awards.

The restatement will cover periods which predate the merger between Predix and Epix, which closed in August 2006.

By AuntMinnie.com staff writers
February 26, 2007

Related Reading

Epix files U.S. Vasovist appeal, December 15, 2006

Epix releases clinical trial results for blood-clot agent, November 30, 2006

Epix nets Canadian OK for Vasovist, November 6, 2006

Epix nets Australian approval, September 20, 2006

Epix regains Nasdaq symbol, September 15, 2006

Copyright © 2007 AuntMinnie.com

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