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Ophthotech reports lower revenue in second quarter
Ophthotech reported $1.7 million in collaboration revenue in the second quarter of 2017 compared with $28.2 million for the same period in 2016, according to a company press release.The decrease was attributed to “lower revenue from clinical drug supply shipments and due to the inclusion of the final enrollment-based clinical milestone under the company’s agreement with Novartis Pharma AG in 2016,” the release said.