Published in Medical Verdicts and Law Weekly, June 5th, 2008
The Company reported no revenues for the three months ended March 31, 2008, compared with revenues of $416,000 for the same period in 2007. The decrease in revenue is primarily due to the Company's focus on proprietary development programs in the first quarter of 2008, versus partnered programs in the prior year.
Total operating expenses for the first quarter of 2008 were $5.9 million, compared with total operating expenses of $5.5 million for the first quarter 2007. The increase in operating expenses is primarily related to...
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