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EXACT Sciences Corporation
EXACT Sciences Announces Third Quarter 2008 Financial Results
November 29th, 2008
EXACT Sciences Corporation (NASDAQ: EXAS) announced financial results for the third quarter ended September 30, 2008. Net loss for the quarter ended September 30, 2008, was $3.0 million, or $0.11 per share, compared to $4.2 million, or $0.16 per share for the quarter ended September 30, 2007. "By further reducing our cost structure this quarter, we extended our operating runway, based on current operational plans, through the second quarter of 2009, providing greater flexibility in our strategic discussions," commented Jeffrey R. Luber, the Company's President and Chief Executive Officer. "We remain focused on a strategic transaction to leverage our broad intellectual...
Source: Law & Health Weekly (2008-11-29)
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