SOMERVILLE, Mass. (AP) — SOMERVILLE, Mass. (AP) — Bluebird Bio Inc. (BLUE) on Friday reported a first-quarter loss of $69.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Somerville, Massachusetts-based company said it had a loss of 36 cents.

The biotechnology company posted revenue of $18.6 million in the period, matching Street forecasts.

In the final minutes of trading on Friday, the company's shares hit 61 cents. A year ago, they were trading at $3.33.

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