TREVOSE, Pa. (AP) _ Strongbridge Biopharma (SBBP) on Thursday reported a loss of $13.2 million in its second quarter.
On a per-share basis, the Trevose, Pennsylvania-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 8 cents per share.
The biopharmaceutical company posted revenue of $10 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $8.8 million.
The company's shares closed at $2.29. A year ago, they were trading at $4.05.
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