EXTON, Pa. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Wednesday reported a loss of $11.1 million in its third quarter.
The Exton, Pennsylvania-based company said it had a loss of 39 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
In the final minutes of trading on Wednesday, the company's shares hit $2.52. A year ago, they were trading at $7.21.