Marina Posts Lower Q2 Loss, Faces Cash Crunch by Year End | GenomeWeb

Marina Biotech last week reported a lower second-quarter net loss as research and development spending dropped and revenues increased.

The company also disclosed in a filing with the US Securities and Exchange Commission that its current resources are not sufficient to fund operations through the year and that it will need to raise money before then or revamp its drug-development plans.

For the three-month period ended June 30, Marina's net loss fell to $3.6 million, or $0.08 per share, versus a year-ago loss of $4.1 million, or $0.34 per share.

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