Molecular Insight's revenue decreases in Q1

AuntMinnie.com staff writers
May 13, 2008

Molecular Insight Pharmaceuticals of Cambridge, MA, has posted financial results for its first quarter of 2008.

For the period (end-March 31), the company's total revenues were $88,265, compared with $247,567 in 2007, a decrease of 64%. Revenues consisted of grants from the National Institutes of Health, according to Molecular Insight.

Net loss for the first quarter was $19.7 million, compared with a net loss of $14.8 million for the same period in 2007.

Related Reading

Molecular Insight launches new Azedra trials, May 1, 2008

Molecular Insight raises $150 million, November 12, 2007

Molecular Insight completes phase I Azedra trial, October 18, 2007

Molecular Insight buys manufacturing site, October 3, 2007

Molecular Insight appoints CFO, August 16, 2007

Copyright © 2008 AuntMinnie.com

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