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Anti-infectives-focused biotech company reports Q4, year end 2004 results

Published in AIDS Vaccine Week, March 28th, 2005

V.I. Technologies, Inc. (VITX), a biotechnology company that develop anti-infective products, announced its financial results for the 4th quarter and year ended December 31, 2004.

For the 4th quarter of 2004, Vitex reported a net loss of $7.2 million or $0.13 per share versus a net loss of $2.7 million or $0.07 per share for the 4th quarter of 2003. Revenue from research funding increased from $0.4 million in the 4th quarter of 2003 to $1.2 million in the 4th quarter of 2004, reflecting the recognition into revenue of approximately $0.8 million in previously deferred revenue relating to nonrefundable up-front and milestone payments from Amersham Pharmacia...

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