Biomedical Companies
Response Biomedical Corporation Delivers Record Preliminary Revenues in First Quarter
Published in Cardiovascular Business Week, May 5th, 2009
Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) announced preliminary unaudited revenues for the three-month period ended March 31, 2009. First quarter revenues increased 115% to approximately $2.526 million compared to $1.173 million for the same period in 2008. This represents the highest revenues for any quarter in the Company's history and, as expected, includes a significant contribution by the Roche Diagnostics launch of our RAMP(R) Cardiac products in the U.S. Increased revenues and reduced expenses are expected to result in a significantly lower loss for the three-month period ended March 31, 2009 as compared to the same period in 2008. Complete first quarter 2009...
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