MISSISSAUGA, Ontario (AP) _ Nuvo Pharmaceuticals Inc. (MRVFF) on Monday reported a first-quarter loss of $14.2 million, after reporting a profit in the same period a year earlier.
The Mississauga, Ontario-based company said it had a loss of $1.25 per share. Losses, adjusted for non-recurring costs, were 2 cents per share.
The drugmaker posted revenue of $11.4 million in the period.
The company's shares closed at $1.30. A year ago, they were trading at 57 cents.
The Associated Press