InVivo Therapeutics reports $3.2M net loss in Q3: 4 highlights

InVivo Therapeutics released its 2018 third quarter financial results.

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Here are four highlights:

1. Operating expenses for the third quarter were $2.1 million, compared to $6.3 million in the third quarter of 2017.

2. InVivo anticipates it will continue to maintain its current cash burn rate of less than $1 million per month, including expenses related to clinical studies.

3. The company reported a $3.2 million net loss for the quarter, compared to the $9.4 million net loss in the third quarter of 2017.

4. InVivo ended the quarter with $19.7 million of cash and cash equivalents.

To view the full financial report, click here.

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