Nuvo: Q1 Earnings Snapshot

MISSISSAUGA, Ontario (AP) _ Nuvo Pharmaceuticals Inc. (MRVFF) on Monday reported a first-quarter loss of $ 14.2 million, after reporting a profit in the same period a year earlier.

The Mississauga, Ontario-based company said it had a loss of $ 1.25 per share. Losses, adjusted for non-recurring costs, were 2 cents per share.

The drugmaker posted revenue of $ 11.4 million in the period.

The company’s shares closed at $ 1.30. A year ago, they were trading at 57 cents.


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