CAMBRIDGE, Mass. (AP) 鈥� CAMBRIDGE, Mass. (AP) 鈥� Akebia Therapeutics Inc. (AKBA) on Wednesday reported a second-quarter loss of $8.9 million, after reporting a profit in the same period a year earlier.
The Cambridge, Massachusetts-based company said it had a loss of 3 cents per share. Losses, adjusted for restructuring costs, came to 2 cents per share.
The kidney disease treatment developer posted revenue of $49.1 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $1.29. A year ago, they were trading at $3.72.
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