Immune Design (NASDAQ:IMDZ) reports 1Q17 loss; Tops Estimate

Immune Design (NASDAQ:IMDZ) reports 1Q17 loss; Tops Estimate

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Immune Design Corp (NASDAQ:IMDZ) reported net loss for the first quarter of $ 12.62 million or $ 0.50 per share, compared to loss $ 12.29 million or $ 0.61 per share for the year-ago quarter.

The Seattle, Washington based company recorded Total Revenue for first quarter rose to $ 5.47 million from $ 1.86 million in the same quarter last year.

Analysts polled by Thomson Reuters expected IMDZ to report loss of $ 0.63 per share on revenue of $ 1.88 million for the first quarter.

The first quarter revenue was primarily attributable to $5.2 million in collaboration revenue associated with the Sanofi G103 (HSV2 therapeutic vaccine) collaboration and $0.3 million in product sales to other third parties.

Research and development expenses for the first quarter of 2017 were $14.0 million compared to $10.6 million for the same period in 2016.

Carlos Paya, President and CEO, said: During the first quarter of the year, we were pleased to complete enrollment in the first randomized studies for each of CMB305 and G100, an important milestone for Immune Design.

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