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Telik Q3 net loss narrows

Clinical stage drug development company Telik has reported a net loss of $1.88m, or $0.78 per share, for the third quarter ended 30 September 2012 compared to a net loss of $2.85m, or $1.58 per share, for the third quarter ended 30 September 2011.

Loss from operations for third quarter of 2012 was $1.88m compared to loss from operations of $2.85m for the third quarter of 2011.

The company reported a net loss of $6.20m, or $3.07 per share, for the nine months ended 30 September 2012 compared to a net loss of $9.52m, or $5.30 per share, for the nine months ended 30 September 2011.

Loss from operations of $6.21m was reported for the first nine months of 2012 compared to loss from operations of $9.55m for the first nine months of 2011.