LAUSANNE, Switzerland (AP) _ AC Immune SA (ACIU) on Wednesday reported first-quarter net income of $63.8 million, after reporting a loss in the same period a year earlier.
The Lausanne, Switzerland-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring gains, came to 85 cents per share.
The biopharmaceutical company posted revenue of $75.3 million in the period.
AC Immune shares have decreased 46% since the beginning of the year. The stock has declined 49% in the last 12 months.
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