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BRIEF-Kuros Biosciences H1 net loss widens to CHF 13.3 million
September 29, 2016 / 4:05 PM / 10 months ago

BRIEF-Kuros Biosciences H1 net loss widens to CHF 13.3 million

1 Min Read

Sept 29 (Reuters) - Kuros Biosciences AG :

* Net loss for first half-year 2016 rose to 13.3 million Swiss francs ($13.78 million)

* H1 net financial result was 1.0 million francs (first half-year 2015: -0.4 million francs)

* H1 revenues of 1.1 million francs primarily from a milestone payment

* H1 net operating costs increased to 15.1 million francs as a result of an impairment and modifications of share-based payments in connection with merger

* Net loss of 13.3 million francs for first half-year 2016 (first half-year 2015: 1.5 million francs) Source text for Eikon: Further company coverage: ($1 = 0.9651 Swiss francs) (Gdynia Newsroom)

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