Silence Therapeutics posts loss as R&D spending offsets higher sales

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RNA-based therapy developer Silence Therapeutics posted a deeper third-quarter loss after higher revenue was offset by heavier R&D spending.

Pre-tax losses for the three months through September amounted to $12.1 million, compared to year-on-year losses of $9.5 million.

Revenue rose to $3.2 million, up from $2.0 million.