CHESTERBROOK, Pa. (AP) _ Trevena Inc. (TRVN) on Tuesday reported a loss of $16 million in its third quarter.
The Chesterbrook, Pennsylvania-based company said it had a loss of 27 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 27 cents per share.
The company's shares closed at $1.50. A year ago, they were trading at $4.07.