Applied Molecular Transport Reports Second Quarter 2021 Financial Results and Provides Corporate Update
SOUTH SAN FRANCISCO, Calif., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Applied Molecular Transport Inc. (Nasdaq: AMTI) (AMT), a clinical-stage biopharmaceutical company, today provided a corporate update and reported financial results for the second quarter ended June 30, 2021.
- Total R&D expenses for the second quarter of 2021 were $16.5 million, compared to $12.8 million for the same period in 2020.
- Total G&A expenses for the second quarter of 2021 were $7.1 million, compared to $2.5 million for the same period in 2020.
- Net loss for the second quarter of 2021 was $23.6 million, compared to $15.4 million for the same period in 2020.
- Active transport is an efficient mechanism that uses the cells own machinery to transport materials across the IE barrier.