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TNFerade maker reports increase in revenues, dip in losses during Q3

Published in Biotech Business Week, November 29th, 2004

GenVec, Inc., (GNVC), announced financial results for the third quarter and 9 months ended September 30, 2004.

GenVec reported higher revenues and a lower net loss for the third quarter and first 9 months of 2004 compared with the same periods last year. GenVec reported a net loss of $4.8 million or $0.09 per share on revenues of $2.9 million for the quarter ended September 30, 2004 compared to a net loss of $4.9 million or $0.14 per share on revenues of $2.4 million in the comparable quarter of 2003.

For the 9 months ended September 30, 2004, the company reported a net loss of $15.2 million or $0.28 per share on revenues of $8.8 million compared to...

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