MR contrast developer Advanced Magnetics reported fiscal 2005 second-quarter revenues of $612,000, down from the $767,000 in sales turned in during the same period a year ago.
For the quarter (end-March 31), the Cambridge, MA-based company's net loss ballooned from the second quarter of fiscal 2004, from $567,000 a year ago to $3.3 million for the most recent period.
Advanced Magnetics attributed the rising red ink to an increase in research and development expenses.
By AuntMinnie.com staff writers
April 19, 2005
Related Reading
FDA requests Combidex information, March 24, 2005
U.S. panel rejects Advanced Magnetics imaging agent, March 4, 2005
Advanced Magnetics boosts sales, losses in Q1, January 18, 2005
Advanced Magnetics, Cytogen get FDA nod, October 20, 2004
Advanced Magnetics post Q3 loss, July 19, 2004
Copyright © 2005 AuntMinnie.com
