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Eleven Biotherapeutics reports $6.9 million net loss in second quarter

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Eleven Biotherapeutics reported a net loss of $6.9 million, or $0.36 per share, compared with a net loss of $8.1 million, or $0.51 per share, in the same quarter of 2014, according to a press release.

Revenue was reported at $0.1 million in the second quarter compared with $0.8 million in the same quarter of 2014.

Research and development expenses were reported at $6.3 million in the second quarter compared with $6.8 million in the same quarter of 2014. The decrease was attributed to lower development expenses related to EBI-005 and was partially offset by an increase in development expenses related to EBI-031, the release said.