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Biopharma company announces third quarter 2003 financial results

Published in Medical Letter on the CDC and FDA, December 7th, 2003

GenVec, Inc., (GNVC), a biopharmaceutical company, announced financial results for the third quarter ended September 30, 2003.

GenVec reported higher revenues and a lower net loss through the first 9 months of 2003 compared with the same 9-month period last year. For the 9 months ended September 30, 2003, the company reported a net loss of $16.0 million or $0.60 per share on revenues of $8.1 million compared to a net loss of $20.2 million or $0.93 per share on revenues of $4.9 million for the comparable 9-month period in 2002. GenVec reported a net loss of $4.9 million or $0.14 per share in the current quarter ended September 30, 2003, compared to a net loss of $6.9...

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