Egalet: 2Q Earnings Snapshot
WAYNE, Pa. (AP) _ Egalet Corp. (EGLT) on Wednesday reported a loss of $12 million in its second quarter.
The Wayne, Pennsylvania-based company said it had a loss of 22 cents per share. Losses, adjusted for non-recurring costs, were 17 cents per share.
The pain medicine maker posted revenue of $7.4 million in the period.
The company’s shares closed at 58 cents. A year ago, they were trading at $1.19.