MethylGene Inc. (MYG.TO) Monday said its loss for the first quarter widened from last year, driven mainly by a sharp decline in revenues.
The Montreal, Canada-based company reported a first-quarter net loss of C$3.36 million, compared to C$1.57 million last year. On a per-share basis, loss narrowed to C$0.01 from C$0.04.
Total revenues for the quarter plunged to C$2 thousand from C$1.28 million in the prior-year quarter.
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