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Biotechnology Business
SuperGen Reports 2008 First Quarter Financial Results
May 18th, 2008
SuperGen Inc. (NASDAQ:SUPG) reported financial results for the first quarter ended March 31, 2008. Total revenues for the 2008 first quarter were $8.1 million, compared with $4.4 million for the same prior year period. Total revenues for the 2008 first quarter consisted of $8.1 million in royalty revenue, compared with $3.8 million for the same prior year period. Royalty revenue is earned pursuant to the license agreement entered into with MGI PHARMA (acquired by Eisai Co., Ltd. in January 2008) during 2004, which granted MGI PHARMA exclusive rights to the development, manufacture, commercialization and distribution of Dacogen(R) (decitabine) for Injection. The Company...
Source: Medical Letter on the CDC & FDA (2008-05-18)
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