Cytogen notches record revenues

Biopharmaceutical firm Cytogen reported record second-quarter revenues of $3.9 million, up 129.4% compared with the $1.7 million turned in a year ago. For the period (end-June 30), the Princeton, NJ-based vendor had a net loss of $4.4 million, compared with a net loss of $3.4 million in the second quarter of 2003.

Cytogen said it was pleased with the quarter, which featured sales gains for its ProstaScint agent. The company also reaffirmed its 2004 full-year financial guidance.

By AuntMinnie.com staff writers
August 6, 2004

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