What 3rd Quarter Financials Indicate for Peregrine Pharmaceuticals (NASDAQ:PPHM)

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Las Vegas, NV -- (SBWIRE) -- 12/20/2013 -- Peregrine Pharmaceuticals (NASDAQ:PPHM) is a pharmaceutical company producing monoclonal antibodies. Main focus of the company is to treat cancer through its drugs. PPHM researched two monoclonal antibodies. These antibodies target PS and DNA/histone. The company runs Phase II trials on bavituximab for chemotherapy.

PPHM shared third quarter financial reports for period ended October 31, 2013. The company generated $7.35 million revenues and paid costs of $4.19 million. The company suffered net losses too.

The company experienced almost 60% more revenues during the quarter. The net loss of the company is $7.79 million. The loss during second quarter was $7.60 million. The revenues as well as loss increased over last two quarters.

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