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Inovio Biomedical Corporation
Inovio Biomedical Reports 4th Quarter and Year-End 2008 Financial Results
April 15th, 2009
Inovio Biomedical Corporation (AMEX:INO) (“Inovio”) reported financial results for the quarter and year ended December 31, 2008. Total revenue for the quarter and year ended December 31, 2008, was $327,000 and $2.1 million, respectively, compared with $3.3 million and $4.8 million for the same periods in 2007. Revenue consisted of license fees and milestone payments, and amounts earned from collaborative research and development arrangements and grants. Total operating expenses for the quarter and year ended December 31, 2008, were $3.8 million and $15.8 million, respectively, compared with $5.1 million and $20.7 million for the same periods in...
Source: Vaccine Weekly (2009-04-15)
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