Ophthotech posts net income of $114 million in 2017

Ophthotech reported a net loss of $9.5 million, or $0.26 per share, in the fourth quarter of 2017 compared with a net loss of $66.3 million, or $1.86 per share, in the same quarter of 2016.
For the full year, the company reported a net income of $114.2 million, or $3.17 per share, compared with a net loss of $193.4 million, or $5.45 per share, in the previous year, according to a press release.
Research and development costs were $7.9 million for the quarter compared with $59.4 million, and $66.3 (Read more...)

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