The company has not recorded any revenues for the current as well as previous quarter.

Operating loss for the quarter was $11.63 million, compared with an operating loss of $4.80 million in the previous year period.

"The year was a transformational year as we continued to make progress toward our goal of becoming a fully integrated biotechnology company.  In November 2016, we reported that two pivotal Phase 3 trials of our lead product candidate A-101 40% Topical Solution met all primary and secondary endpoints of each trial, achieving clinically and statistically significant clearance of seborrheic keratosis (SK) lesions.  In  February 2017, we submitted a New Drug Application (NDA) for A-101 40% Topical Solution for the treatment of SK to the U.S. Food and Drug Administration (FDA)," said Dr. Neal Walker, President and Chief Executive Officer of Aclaris.