Cytogen revises Q3 net loss

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

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