Business and Finance
Pharma company offers financial results
Published in Medical Letter on the CDC and FDA, January 16th, 2005
The company reported a net loss of $3,638,000 or $0.03 per share, basic and diluted, for the quarter ended October 31, 2004. This compares to a net loss of $2,915,000 or $0.02 per share, basic and diluted, for the same period last year. The increase in the net loss for the second quarter of fiscal year 2005 was primarily due to an increase in research and development expenses of $1,029,000 associated with the planned phase I clinical trial using Tarvacin and several other second-generation antibodies in development under the company's antiphospholipid...
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