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Autoimmune Disease
AutoImmune Inc. Reports 2008 First Quarter Financial Results
June 1st, 2008
AutoImmune Inc. (BULLETIN BOARD: AIMM) reported a net loss of $107,000, or ($0.01) per share basic and diluted, for the three months ended March 31, 2008, compared with net income of $8,000, or break even per share basic and diluted, for the three months ended March 31, 2007. As of March 31, 2008, the Company reported $8.7 million in cash and marketable securities as compared to $8.8 million in cash and marketable securities as of December 31, 2007. Chairman of the Board and Chief Executive Officer Robert C. Bishop, Ph.D. stated, "Product sales at Colloral LLC, our joint venture with Deseret Laboratories, Inc., were down from the fourth quarter, but have begun to...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-01)
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