Aclaris Therapeutics Reports Third Quarter 2023 Financial Results and Provides a Corporate Update
WAYNE, Pa., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Aclaris Therapeutics, Inc. (NASDAQ: ACRS), a clinical-stage biopharmaceutical company focused on developing novel drug candidates for immuno-inflammatory diseases, today announced its financial results for the third quarter of 2023 and provided a corporate update.
- Net loss was $29.3 million for the third quarter of 2023 compared to $20.0 million for the third quarter of 2022.
- Total revenue was $9.3 million for the third quarter of 2023 compared to $19.0 million for the third quarter of 2022.
- Research and development (R&D) expenses were $23.9 million for the quarter ended September 30, 2023 compared to $23.7 million for the prior year period.
- General and administrative (G&A) expenses were $7.1 million for the quarter ended September 30, 2023 compared to $5.8 million for the corresponding prior year period.