Allergan Specialty Therapeutics Inc.

The Irvine research and development arm of eye-care company Allergan Inc. reported a net loss of $17.2 million, or $5.24 a share, for the first quarter, compared with a loss of $10.8 million, or $3.30 a share, for last year’s first three months. Quarterly revenue fell to $980,000 from $2.15 million.