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BRIEF-Merus Labs reports about 15 pct rise in Q2 revenue

Published 2017-05-11, 07:21 a/m
© Reuters.  BRIEF-Merus Labs reports about 15 pct rise in Q2 revenue
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May 11 (Reuters) - Merus Labs International Inc MSL.TO -

* Merus Labs reports fiscal Q2 2017 results

* Merus Labs International Inc - revenues increased to $22.6 million for q2 2017 from $19.7 million for q2 2016

* Merus Labs International Inc - net loss was $1.2 million for q2 2017 compared with $3.4 million for q2 2016

* Merus Labs International Inc - company reiterates that fiscal 2017 adjusted ebitda is expected to be in range of $44 to $48 million

* Merus Labs International - continues to expect sintrom related product cost savings during fiscal 2017 of about half of full annualized potential of $8 million Source text for Eikon: ID:nPn4DJ9sza Further company coverage: MSL.TO

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