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CytRx Loss Narrows

CytRx Corp (CYTR) on Monday reported second-quarter net loss of $11.7 million or $0.21 per share compared with a loss of $15.7 million or $0.28 per share last year.

Analysts polled by Thomson Reuters estimated a loss of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

The company did not generate any revenues for the quarter, just like in the prior year.

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