InVivo Therapeutics, Cambridge, Mass.-based spine device company, reported a net loss of $1.3 million during the second quarter of 2011, according to a company news release.
The company's research and development expenses were significantly increased over the second quarter of last year, from $468,000 to nearly $1.4 million. During this quarter, the company formed a strategic research collaboration with the Miami Project to Cure paralysis for the development of spinal chord injury treatments.
Jonathan Slotkin, MD, was also appointed medical director during this past quarter.
Read the second quarter financial report on InVivo Therapeutics.
Related Articles to Device Company Financial Reports:
TranS1 Revenues Continue to Slide in 2Q With 26% Decrease
MAKO Surgical 2Q Revenue Reaches $18.6M, 81% Increase
Alphatec Holdings Reports 2Q Revenue of $50.9M, 12% Increase
Jonathan Slotkin, MD, was also appointed medical director during this past quarter.
Read the second quarter financial report on InVivo Therapeutics.
Related Articles to Device Company Financial Reports:
TranS1 Revenues Continue to Slide in 2Q With 26% Decrease
MAKO Surgical 2Q Revenue Reaches $18.6M, 81% Increase
Alphatec Holdings Reports 2Q Revenue of $50.9M, 12% Increase