Medgenics Inc. (MDGN: Quote) posted first-quarter net loss of $2.71 million or $0.28 per share, wider than $0.34 million or $0.06 per share in the previous year period.
General and administrative expense for the first quarter increased to $1.36 million from $0.78 million in the comparable quarter last year, primarily due to higher legal and professional services fees and to increased activities in the U.S. as part of forthcoming clinical trials.
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by RTT Staff Writer
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