Biopharmaceutical firm Cytogen has revised its third-quarter financial results (end-September 30) to reflect warrant liability and a decrease in the value related to warrants issued in July and August.
The Princeton, NJ, company's third-quarter and nine-month net losses for its fiscal 2005 were both reduced by approximately $700,000 to $7.1 million and $21.5 million, respectively, with the adjustment. The revisions do not affect the 2004 third-quarter and nine-month losses of $5.6 million and $14.3 million, respectively.
By AuntMinnie.com staff writers
November 15, 2005
Related Reading
Expenses contribute to Cytogen's Q3 loss, November 4, 2005
Cytogen revenues, losses rise in Q2, August 4, 2005
Cytogen cites promising results for cancer pain medication, June 21, 2005
Cytogen revenues up in Q1, but loss widens, May 5, 2005
Cytogen unveils new oncology program, April 4, 2005
Copyright © 2005 AuntMinnie.com