Immunomedics loss widens

AuntMinnie.com staff writers

Feb 6, 2005

Radiopharmaceutical firm Immunomedics reported fiscal second-quarter revenue of $1 million, down 9% compared with the $1.1 million reported in the second quarter last year.

For the period (end-December 31), the Morris Plains, NJ-based firm had a net loss of $6.4 million, compared with a net loss of $4.9 million a year ago.

The additional net loss was incurred by increased research and development expenses, as well as legal costs associated with supporting its patent portfolio, Immunomedics said.

By AuntMinnie.com staff writers
February 7, 2005

Related Reading

Immunomedics gets Canadian nod for LeukoScan, January 19, 2005

Settlement in Immunomedics patent case, September 30, 2004

Immunomedics revenues sag, September 9, 2004

Immunomedics to raise $15 million, August 2, 2004

Settlement for Immunomedics, CIS bio, July 8, 2004

Copyright © 2005 AuntMinnie.com

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