May 10, 2016 / 11:42 AM / a year ago

BRIEF-Telesta Therapeutics posts Q3 net loss of $1.6 mln vs $3.3 mln in 2015

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May 10 (Reuters) - Telesta Therapeutics Inc :

* Telesta Therapeutics publishes its Q3, 2016 financial statements and provides corporate updates

* Qtrly net loss $1.6 million, compared to a net loss for comparable period ending March 31, 2015 of $3.3 million

* Company continues to identify and implement opportunities to reduce ongoing operating expenditures

* Board actively evaluating opportunities to create shareholder value, through execution of one or more strategic options

* Strategic options include sale of co, acquisition of development-stage or commercial assets, merger of co with another biotechnology co Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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