Tapestry Pharmaceuticals Announce Fourth Quarter Results.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-13 March 2007-International Stock Targets: Tapestry Pharmaceuticals Announce Fourth Quarter Results(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:13032007 Tapestry Pharmaceuticals (Nasdaq:TPPH) was up 6.69 today on just under 6,000 shares traded. Tapestry Pharmaceuticals, Inc.

announced financial results for the fourth quarter and year ended December 27, 2006. The net loss for the fourth quarter of 2006 was $4.5 million, or $0.28 per share. This compares to a net loss for the fourth quarter of 2005 of $3.0 million, or $0.87 per share. The net loss for the year ended December 27, 2006 was $16.7 million, or $1.29 per share. This compares to a net loss in the prior year of $17.5 million, or $5.15 per share. During 2006 the Company implemented SFAS...