Cyclacel Pharma Reports First Quarter 2017 Financial Results

BERKELEY HEIGHTS, N.J., May 11, 2017 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) (NASDAQ:CYCCP) ("Cyclacel" or the "Company") a biopharmaceutical company developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious disorders, today reported its financial results and business highlights for the first quarter ended March 31, 2017.

The Company's net loss applicable to common shareholders for the three months ended March 31, 2017 was $1.6 million or $0.38 per share, compared to net loss applicable to common shareholders of $3.1 million, or $1.04 per share for the first quarter of 2016. As of March 31, 2017, cash and cash equivalents totaled $12.7 million.

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