CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Akebia Therapeutics Inc. (AKBA) on Thursday reported a loss of $18 million in its first quarter.
The Cambridge, Massachusetts-based company said it had a loss of 9 cents per share.
The kidney disease treatment developer posted revenue of $32.6 million in the period.
The company’s shares closed at $1.40. A year ago, they were trading at $1.06.
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