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Metabasis Therapeutics Reports on 2006 Financial Results and Business Accomplishments and Provides Guidance for 2007
Published in Food and Drug Law Weekly, March 30th, 2007
Metabasis Therapeutics, Inc. (Nasdaq: MBRX), a biopharmaceutical company focused on the discovery, development and commercialization of novel drugs by applying proprietary technology, scientific expertise and unique capabilities for targeting the liver and liver pathways, today announced its financial results for the year ended December 31, 2006, reviewed its 2006 accomplishments and provided financial guidance for 2007.
Financial results:
Revenue was $4.4 million for the year ended December 31, 2006, compared to $3.8 million for the year ended December 31, 2005. The increase was mainly due to increased license fee revenue from the Company's...
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