SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Assembly Biosciences Inc. (ASMB) on Thursday reported a loss of $8.8 million in its first quarter.
The South San Francisco, California-based company said it had a loss of $1.17 per share.
The biotech drug developer posted revenue of $9.4 million in the period.
Assembly Biosciences shares have dropped 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.66, a decline of slightly more than 9% in the last 12 months.
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