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Cynapsus Therapeutics posts loss of $6.4 million in fourth quarter

TORONTO – TORONTO (AP) _ Cynapsus Therapeutics Inc. (CYNA) on Wednesday reported a loss of $6.4 million in its fourth quarter.

The Toronto-based company said it had a loss of 52 cents per share. Losses, adjusted for non-recurring gains, were 75 cents per share.

For the year, the company reported that its loss widened to $20.6 million, or $2.23 per share.

Cynapsus shares have declined 11 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.61, a decrease of 17 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CYNA at http://www.zacks.com/ap/CYNA

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Keywords: Cynapsus Therapeutics, Earnings Report