Synergy Pharmaceuticals Q1 Loss Narrows - Quick Facts

(RTTNews) - Synergy Pharmaceuticals Inc. (SGYP) said that its net loss for the first-quarter ended March 31, 2014 narrowed to $16.2 million or $0.18 per share from $18.7 million or $0.26 per share in the year ago quarter.

Non-cash expense items for the latest-quarter , principally a change in fair value of derivative instruments and stock based compensation expense, totaled approximately $1 million or $0.01 per share, whereas such items in prior year quarter totaled $2.4 million, or $0.03 per share.

The company did not generate revenue for the both latest and prior year quarters.