Ophthotech reports $36.3 million net loss in first quarter

Ophthotech reported a first quarter net loss of $36.3 million, or $1.03 per diluted share, compared with a net income of $6.6 million, or $0.19 per diluted share, in the first quarter of 2015, according to a press release.Collaboration revenue totaled $15.7 million in the first quarter compared with $41.7 million in the first quarter of 2015, when collaboration revenue was related primarily to drug supply shipments the company completed under an agreement with Novartis.