Idera: 2Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Thursday reported a loss of $16 million in its second quarter.
The Cambridge, Massachusetts-based company said it had a loss of 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 80 cents per share.
The drugmaker posted revenue of $163,000 in the period.