Arcutis share up after earnings report; company reports mounting losses but progress toward FDA approval
IN THIS ARTICLE
- Banking & Finance Topic
- Jorge Mercado Author
By Jorge Mercado Monday, February 28th, 2022
Westlake-Village based Arcutis Biotherapeutics continued to see rising losses in both the fourth quarter and full year of 2021, though the biotech company’s stock rose in the days following its Feb. 22 earnings release. Arcutis, a pre-revenue biotech company focusing on treating skin diseases, had a net loss of $71.3 million in the fourth quarter…