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Human genetics-focused biopharmaceutical company reports Q2 2005 results

Published in Gene Therapy Weekly, September 15th, 2005

DeCODE genetics (DCGN) reported consolidated financial results for the quarter ended June 30, 2005.

Revenue for the second quarter 2005 was $11.4 million, compared to $9.6 million for the same period a year ago. For the first 6 months of 2005, revenue was $21 million, compared to $19.9 million for the first 6 months of 2004. At June 30, 2005, the company had $16.9 million in deferred research revenue, which will be recognized over future reporting periods.

Net loss for the second quarter 2005 was $13.3 million, unchanged from the second quarter 2004. For the 6 months of 2005, net loss was $30.3 million, compared to $25.3 million for the same period...

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