Aduro Biotech Reports First Quarter 2018 Financial Results
ADURO BIOTECH (ADRO)
Last aduro biotech earnings: 3/9 04:15 pm
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Source: GlobeNewswire
BERKELEY, Calif., May 02, 2018 (GLOBE NEWSWIRE) -- Aduro Biotech, Inc. (NASDAQ:ADRO) today reported financial results for the first quarter ended March 31, 2018. Net loss for the first quarter of 2018 was $21.5 million, or $0.28 per share, compared to net loss of $21.8 million, or $0.32 per share, for the same period in 2017. Recent Developments: Reported preclinical data on ADU-S100, BION-1301 and ADU-1604 at the American Association for Cancer ResearchReported initial observations from the first patient treated with our personalized neoantigen-based immunotherapyReceived a milestone payment from Merck for initiation of a Phase 1 trial of our anti-CD27 antibody for patients with advanced solid tumors Cash, cash equivalents and marketable securities totaled $327.8 million at March 31, 2018, compared to $349.7 million at December 31, 2017. Revenue was $6.6 million for the first quarter of 2018 compared to $3.8 million for the same period in 2017. The increase of $2.8 million was
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