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ChromaVision Medical Systems, Inc.
Diagnostics/lab service company reports dip in revenue, changes name
March 22nd, 2005
ChromaVision Medical Systems, Inc., (CVSN), a provider of specialized diagnostic and laboratory services and technologies for both clinical and drug-development applications, announced that continued growth in its new diagnostic services division bolstered its financial results for the fiscal year and quarter ended December 31, 2004. The company reported total revenue of $9.8 million for the year ended December 31, 2004, an 18% decline compared to the prior year's total revenue of $11.9 million. This decline was anticipated due to the significant reduction in medical reimbursement for Advanced CCD Imaging Spectrometer (ACIS)-assisted testing from 2003 to 2004. ...
Source: Health Risk Factor Week (2005-03-22)
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