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Diagnostic tests provider announces 51% increase in product sales

Published in Cancer Weekly, April 19th, 2005

MedMira Inc. (MIR, MMIRF) announced its financial results for the 3- and 6-month periods ending January 31, 2005.

Product sales in the second quarter were $768 thousand, up from $509 thousand in the same quarter last year, an increase of 51%. The net loss for the quarter was $1.4 million or $0.03 per share compared with $1.0 million or $0.02 per share in the same period last year.

For the 6 months ended January 31, 2005, product sales were $1.7 million, up from $1.1 million for the same period last year, an increase of 53%. The net loss of the 6 month period was $2.6 million or $0.06 per share compared to $1.9 million or $0.05 per share for the same...

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