Idera Pharma (IDRA) Reports In-Line Q3 Loss; Discontinues IMO-2125 Testing
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Idera Pharmaceuticals, Inc. (NASDAQ: IDRA) reported Q3 loss of ($0.20), in-line with the analyst estimate of ($0.20). Revenue for the quarter came in at $4 million versus the consensus estimate of $2 million.
Based on its strategic assessment and prioritization, the Company has discontinued further development of IMO-2125 in hepatitis C virus infection and decided to advance its TLR-targeted programs in infectious diseases, respiratory diseases, hematologic oncology, and additional vaccine adjuvant applications only through licensing and partnering.
Based on its strategic assessment and prioritization, the Company has discontinued further development of IMO-2125 in hepatitis C virus infection and decided to advance its TLR-targeted programs in infectious diseases, respiratory diseases, hematologic oncology, and additional vaccine adjuvant applications only through licensing and partnering.
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