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Kosan Announces Second Quarter 2007 Financial Results

Published in Healthcare Finance, Tax and Law Weekly, August 22nd, 2007

Kosan Biosciences Incorporated (NASDAQ:KOSN) reported financial results for the quarter and six months ended June 30, 2007.

Net loss for the quarter and six months ended June 30, 2007 were $10.8 million and $8.0 million, or $0.25 per share and $0.20 per share, compared to a net loss of $6.8 million and $17.4 million, or $0.20 and $0.54 per share, in the same periods last year.

Revenues were $2.2 million and $15.1 million for the quarter and six months ended June 30, 2007, compared to $2.7 million and $5.6 million in the same periods in 2006. Revenues for the quarter were for development activities under the Roche-Kosan global development and...

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