SAN DIEGO (AP) — SAN DIEGO (AP) — Cidara Therapeutics Inc. (CDTX) on Wednesday reported a first-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had a loss of $2.28.
The biopharmaceutical company posted revenue of $8.5 million in the period.
Cidara Therapeutics shares have decreased 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.71, a decline of 53% in the last 12 months.
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