Contrast agent developer Advanced Magnetics reported fiscal third-quarter revenues of $1.4 million, up 25.8% compared with the $1.1 million reported in the same period last year. For the quarter (end-June 30), the Cambridge, MA-based vendor had a net profit of $664,000, compared with a net loss of $126,000 in the fiscal third quarter of 2002. Advanced Magnetics attributed the revenue gain to increased product sales to its marketing partners.
By AuntMinnie.com staff writersJuly 16, 2003
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