Vical Posts Q1 Net Loss

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Vical Incorporated

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(NASDAQ: VICL) reported a narrower-than-expected loss for the first quarter on Friday. The San Diego, California-based company posted a quarterly loss of $3.8 million, or $0.04 per share, versus a year-ago loss of $3.5 million, or $0.04 per share.Its revenue climbed to $4.9 million, from $2.4 million in the year-ago period. However, analysts were expecting a loss of $0.05 per share on revenue of $2.5 million.At March 31, 2015, the company had $46.3 million in cash and investments.Vical shares rose 0.56 percent to close at $0.900 yesterday.