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Cynapsus Therapeutics posts loss of $8.4 million in first quarter

TORONTO – TORONTO (AP) _ Cynapsus Therapeutics Inc. (CYNA) on Wednesday reported a first-quarter loss of $8.4 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 68 cents per share.

Cynapsus shares have declined 19 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.39, a fall of 20 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