Lipocine Announces Financial Results for the Year Ended December 31, 2022
Lipocine recognized license revenue of $500,000 during the year ended December 31, 2022, compared to $16.1 million during the year ended December 31, 2021.
- Lipocine recognized license revenue of $500,000 during the year ended December 31, 2022, compared to $16.1 million during the year ended December 31, 2021.
- Research and development expenses were $8.6 million and $7.7 million, respectively, for the years ended December 31, 2022, and 2021.
- General and administrative expenses were $4.1 million and $5.3 million, respectively, for the years ended December 31, 2022, and 2021.
- As of December 31, 2022, Lipocine had $32.5 million of unrestricted cash, cash equivalents and marketable investment securities compared to $46.6 million at December 31, 2021.