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Eleven Biotherapeutics reports net loss of $6.5 million in first quarter

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Eleven Biotherapeutics reported a net loss applicable to common stockholders of $6.5 million, or $0.36 per share, in the first quarter of 2015, compared with a net loss of $7.7 million, or $0.80 per share, in the first quarter of 2014, according to a press release.

Total revenue was reported at $0.2 million in the first quarter compared with $0.6 million in the same quarter a year ago.

Research and development expenses were reported at $5.2 million in the first quarter compared with $5.8 million the previous year. The decrease was primarily attributed to lower development expenses for EBI-005, the release said.

General and administrative expenses were reported at $2.6 million in the first quarter compared with $1.9 million in the same period of 2014. The increase was attributed to costs related to operating as a public company and increased stock-based compensation expense, the release said.