Immunomedics revenues slide in 2000

AuntMinnie.com staff writers
Aug 16, 2000

Imaging and therapy agent developer Immunomedics reported fiscal 2000 revenues of $6 million, down 21% compared with the $7.6 million posted in fiscal 1999. For the year (end-June 30), the firm had a net loss of $10.1 million, compared with a net loss of $11.7 million last year.

The results were consistent with the Morris Plains, NJ-based firm's strategy to reduce expenditures on medical imaging products while focusing on cancer therapeutics, according to executive vice president and COO Cynthia Sullivan.

By AuntMinnie.com staff writers
August 17, 2000

Related Reading

Immunomedics turns in flat Q3, May 15, 2000

Thyroid metastases yield to new radiotherapy approach, February 21, 2000

Copyright © 2000 AuntMinnie.com

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