WOBURN, Mass.--(BUSINESS WIRE)--ArQule, Inc. (NASDAQ: ARQL) today announced its financial results for the first quarter of 2007. For the quarter ended March 31, 2007, the Company reported a net loss of $14,504,000 or $0.40 per share, compared with net income of $4,286,000, or $0.12 per share, for the first quarter of 2006. The first quarter of 2006 included income from discontinued operations of $14,005,000, or $0.40 per share.
