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Atrix Laboratories, Inc.

Drug delivery company reports loss of $0.15 per share

Published in Lab Business Week, June 13th, 2004

Atrix Laboratories, Inc., (ATRX) announced consolidated financial results for the quarter ended March 31, 2004.

For the quarter ended March 31, 2004, the net income applicable to common stock was $2.4 million, or $0.11 income per fully diluted share, compared to a net loss applicable to common stock of $3.0 million, or $0.15 loss per fully diluted share, for the first quarter of 2003.

Total revenue increased 61% to $15.2 million in the first quarter 2004 compared to $9.5 million for the quarter ended March 31, 2003. The revenue increase was due primarily to $7.0 million in sales and royalty revenue earned from the continued growth of the Eligard...

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