Ardea Biosciences, Inc. RDEA today reported recent accomplishments and announced fourth quarter 2010 financial results.
Revenues totaled $17.3 million and $27.4 million for the three and twelve months ended December 31, 2010, respectively.
Net loss for the three and twelve months ended December 31, 2010 was $0.6 million and $41.6 million, or $0.03 per share and $1.91 per share, respectively, compared to a net loss for the same periods in 2009 of $6.3 million and $30.9 million, or $0.34 per share and $1.70 per share, respectively.
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