ProstaScint sales boost Cytogen's Q1

AuntMinnie.com staff writers
May 7, 2008

Biopharmaceutical firm Cytogen enjoyed growth in revenue for its first quarter of 2008 (end-March 31), the company reported.

The Princeton, NJ-based company posted revenues for the quarter of $5.3 million, a 9.6% increase from 2007's $4.8 million. ProstaScint sales for the quarter were $2.6 million, up from the previous year's $2.5 million.

The company reported a net loss, however, of $5.9 million, compared with $4.8 million for the same period in 2007. A $3.9 million net litigation settlement with AMAG Pharmaceuticals (formerly Advanced Magnetics) of Cambridge, MA, bolstered the company's 2007 financial results, Cytogen said.

Related Reading

Cytogen gets going-concern qualification, March 20, 2008

Cytogen's revenues, net loss up in 2007, March 14, 2008

EUSA Pharma to acquire Cytogen, March 11, 2008

Cytogen taps new chief executive, November 12, 2007

Cytogen receives Nasdaq notice, November 6, 2007

Copyright © 2008 AuntMinnie.com

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