MORRISVILLE, N.C. (AP) _ Novan Inc. (NOVN) on Tuesday reported a loss of $9 million in its first quarter.
On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of 6 cents.
The drug development company posted revenue of $819,000 in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.16. A year ago, they were trading at 39 cents.
The Associated Press