Aerpio posts $7.4 million quarterly loss

Aerpio Pharmaceuticals reported a net of $7.4 million, or $0.27 per share, in the first quarter of 2018 compared with a net loss of $5.9 million, or $1.06 per share, in 2017’s first quarter, according to a press release.
General and administrative costs for the quarter increased 38% from $2.5 million to $3.4 million, while research and development expenses increased 79% from $2.3 million to $4 million.
The increase in R&D was partially attributed to higher spending on the lead program AKB-9778, which is in phase 2b development.
Aerpio had (Read more...)

Full Story →