Egalet posts 4Q profit

WAYNE, Pa. (AP) _ Egalet Corp. (EGLT) on Monday reported fourth-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.

The Wayne, Pennsylvania-based company said it had profit of 3 cents per share. Losses, adjusted to extinguish debt, were 27 cents per share.

The pain medicine maker posted revenue of $7.8 million in the period.

For the year, the company reported that its loss narrowed to $69.4 million, or $2.05 per share. Revenue was reported as $26.1 million.

The company's shares closed at 75 cents. A year ago, they were trading at $4.67.

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