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Vitex reports fourth quarter and year-end 2001 losses

Published in Blood Weekly, April 18th, 2002

V.I. Technologies, Inc., (VITX) announced losses in the fourth quarter and year-ended December 29, 2001.

For the fourth quarter, V.I. Technologies Inc. (Vitex) reported a net loss of $1.9 million, or $0.08 per share, compared with $4.7 million, or $0.23 per share, for the fourth quarter of 2000. The fourth quarter loss includes a $2.0 million credit equal to $0.09 per share for the previously announced contingent payment from Precision Pharma Services Inc. Excluding this credit, the company lost $3.9 million, or $0.17 per share, in the fourth quarter.

For the year-ended December 29, 2001, the net loss was $23.4 million, or $1.05 per share, compared...

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