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

Operating loss for the quarter was $8.15 million, compared with an operating loss of $10.58 million in the previous year period.

“During the first quarter of 2017, we announced several important clinical milestones which continue to drive momentum for Synthetic Biologics,” said Jeffrey Riley, President and Chief Executive Officer. “We announced positive results from our Phase 2b proof-of-concept clinical trial for ribaxamase demonstrating the achievement of the primary endpoint of significantly reducing the incidence of primary Clostridium difficile infection (CDI). In addition, data from this study demonstrated that ribaxamase significantly lowered the incidence of new colonization by vancomycin-resistant enterococci (VRE), compared to placebo. Most recently, we shared supportive data from exploratory endpoints in this trial with the CDC demonstrating ribaxamase successfully protected and preserved the naturally occurring composition of the gut microbiome from the dysbiotic effects of IV ceftriaxone, compared to placebo. These results position ribaxamase as a leader in clinical development for microbiome-based interventions specifically designed to prevent the incidence of primary CDI and antimicrobial resistance (AMR) amongst at-risk patients. We continue to analyze data from this study and expect to share results in the coming months from several additional exploratory endpoints designed to evaluate ribaxamase’s ability to prevent the emergence and proliferation of AMR in the gut microbiome.”