IRVING, Texas, May 11, 2017 (GLOBE NEWSWIRE) -- Reata Pharmaceuticals, Inc. (Nasdaq:RETA) (Reata or the Company), a clinical-stage biopharmaceutical company, today announced financial results for the first quarter ended March 31, 2017, and provided an update on the Company’s business and product development programs.
Financial Highlights
The Company incurred operating expenses of $19.9 million for the quarter ended March 31, 2017, with research and development accounting for $14.6 million. This compares to operating expenses of $12.7 million for the same period of the year prior, when research and development accounted for $9.3 million. A net loss of $7.1 million was reported by the Company for the quarter ended March 31, 2017, equating to a loss of $0.32 per share, compared to a loss of $0.3 million or $0.02 per share in the same period of the year prior.
