Merus Labs posts 2nd-quarter loss of $2.5 million

VANCOUVER – VANCOUVER, British Columbia (AP) _ Merus Labs International Inc. (MSLI) on Wednesday reported a fiscal second-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.

The Vancouver, British Columbia-based company said it had a loss of 2 cents per share.

The drugmaker posted revenue of $14.4 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $1.45. A year ago, they were trading at $2.40.


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Keywords: Merus Labs, Earnings Report