NEW YORK (AP) _ Fortress Biotech Inc. (FBIO) on Friday reported first-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 2 cents per share. Losses, adjusted for non-recurring gains, came to 27 cents per share.
The biopharmaceutical company posted revenue of $6.5 million in the period.
The company's shares closed at $1.61. A year ago, they were trading at $3.77.
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