NEW YORK (AP) _ Synergy Pharmaceuticals Inc. (SGYP) on Tuesday reported a loss of $29.7 million in its second quarter.

The New York-based company said it had a loss of 12 cents per share.

The biopharmaceutical company posted revenue of $12.3 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.63. A year ago, they were trading at $3.85.

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