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SemBioSys Genetics reports Q3 2006 revenues of $123,039 compared to $682,678 a year ago

Published in Healthcare Finance, Tax and Law Weekly, December 6th, 2006

SemBioSys Genetics Inc. (SBS), a biotechnology company developing protein-based pharmaceuticals and nonpharmaceutical products, reported total revenues for the 3-month and 9-month periods ended September 30, 2006 were $123,039 and $390,570 respectively, compared with $682,678 and $1,731,092 for the corresponding periods in 2005.

Total revenue for the 3-month and 9-month periods ended September 30, 2006 consisted entirely of contract research compared with contract research revenue of $378,347 and $1,051,457 for the corresponding periods last year. The difference related to contract research is a result of the completion of collaboration agreements with Dow AgroSciences...

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