IRVING, Texas, March 03, 2017 (GLOBE NEWSWIRE) -- Reata Pharmaceuticals, Inc. (Nasdaq:RETA) (“Reata” or “the Company”), a clinical-stage biopharmaceutical company, today announced financial results for the fourth quarter and full year ended December 31, 2016, and provided an update on the Company’s business and product development programs.
Fourth Quarter Financial Results
For the three months ended December 31, 2016, total operating expenses were $16.7 million, with research and development accounting for $11.8 million. This compares to operating expenses of $13.1 million for the same period of the prior year, with research and development accounting for $8.3 million. A net loss of $4.1 million was reported by the Company for the quarter, equating to a loss of $0.19 per share, compared to a net loss of $1.7 million or $0.11 per share in the same period of the prior year.
