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Eleven Biotherapeutics posts $9.7 million net loss in third quarter

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Eleven Biotherapeutics reported a net loss of $9.7 million, or $0.50 per share, in the third quarter compared with a net loss of $10.7 million, or $0.66 per share, in the same quarter of 2014, according to a press release.

Revenue was reported at $0.1 million in the third quarter compared with $0.5 million in the same quarter of 2014.

Research and development expenses were reported at $6.7 million in the third quarter compared with $8.9 million in the same quarter of 2014. The decrease was attributed to lower expenses related to the development of isunakinra (EBI-005) but was partially offset by increases in development expenses related to EBI-031.