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Finance

Company reports loss from operations was $39.6M

Published in Hepatitis Weekly, December 9th, 2002

Isis Pharmaceuticals, Inc., (ISIS), announced financial results for the 3-month and 9-month periods ended September 30, 2002, which includes a strong cash position of $292 million, including short-term investments.

The company's loss from operations was $39.6 million for the first 9 months of 2002, essentially the same as the loss from operations reported for the identical period in 2001.

Revenue for the 3 and 9 months ended September 30, 2002,totaled $20.3 million and $58.3 million, respectively, compared with $19.3 million and $31.5 million, respectively, for the same periods in 2001. The 85% increase in revenue year to date was primarily related...

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