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Bioject Reports First Quarter 2010 Financial Results

Published in Vaccine Weekly, May 26th, 2010

Bioject Medical Technologies Inc. (OTCBB:BJCT), a leading developer of needle-free drug delivery systems, reported financial results for the quarter ended March 31, 2010.

For the quarter ended March 31, 2010, Bioject reported revenues of $1.2 million compared to $2.0 million reported in the comparable year-ago quarter. Product sales for the first quarter of 2010 were $1.1 million compared to $1.9 million in the year-ago quarter. License and technology fees for the first quarter of 2010 were $96,000 compared to $128,000 in the comparable year ago period. Operating expenses for the first quarter of 2010 were $1.7 million compared to $2.2 million in the comparable 2009...

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