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Eleven Biotherapeutics reports $7.6 million net loss in first quarter

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Eleven Biotherapeutics reported a net loss applicable to common stockholders of $7.6 million, or $0.39 per share, in the first quarter compared with a net loss of $6.5 million, or $0.36 per share, in the same quarter of 2015, according to a press release.

Revenue was reported at $0.2 million in the first quarter, which was unchanged from $0.2 million a year ago.

Research and development expenses were reported at $4.6 million in the first quarter compared with $5.2 million in the same quarter of 2015. The decrease was primarily attributed to lower development expenses related to isunakinra (EBI-005) and partially offset by higher development expenses related to EBI-031.