Zogenix sells Zohydro business

Zogenix Inc. (Nasdaq: ZGNX) narrowed losses for the fourth quarter to 14 cents per share from 28 cents per share in the year ago period but the company did not provide guidance for 2015 and announced plans to sell its Zohydro pain treatment business to Pernix. Shares of the pharmaceutical dropped 43 cents to $1.24.


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