03/10/2016 07:29 EST | Updated 03/11/2017 00:12 EST

Cardiome Pharma posts 4th-quarter loss of $7.4 million

VANCOUVER, British Columbia (AP) _ Cardiome Pharma Corp. (CRME) on Thursday reported a loss of $7.4 million in its fourth quarter.

The Vancouver, British Columbia-based company said it had a loss of 37 cents per share.

The cardiovascular drug maker posted revenue of $4.7 million in the period.

For the year, the company reported that its loss widened to $24.5 million, or $1.34 per share. Revenue was reported as $20.9 million.

The company's shares closed at $4.63. A year ago, they were trading at $8.83.


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Keywords: Cardiome Pharma, Earnings Report

The Associated Press