Cipher Pharmaceuticals posts first-quarter loss of $2.7 million

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Cipher Pharmaceuticals Inc. (CPHR) on Thursday reported a first-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 10 cents.

The dermatology drug maker posted revenue of $9.1 million in the period.

Cipher shares have climbed 30 per cent since the beginning of the year. The stock has dropped 44 per cent in the last 12 months.


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