RXi Reports Lower Q1 Losses


RXi Pharmaceuticals this week reported its first-quarter financial results, posting a drop in its net loss to $3.9 million, or $0.24 per share, from $4.2 million, or $0.30 per share, the year before.

Research and development spending increased to $1.9 million from $1.4 million, primarily due to an increase in non-employee non-cash share-based compensation, as well as compensation and related expenses related to new employees brought on to support the company's collaborations and internal discovery efforts.

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