TREVOSE, Pa. (AP) _ Strongbridge Biopharma (SBBP) on Wednesday reported a loss of $11.8 million in its first quarter.
The Trevose, Pennsylvania-based company said it had a loss of 18 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 11 cents per share.
The biopharmaceutical company posted revenue of $8.4 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $8.2 million.
The company's shares closed at $2.41. A year ago, they were trading at $3.19.
The Associated Press