IsoRay revenue dips in FY10

AuntMinnie.com staff writers

Sep 27, 2010

Revenue for IsoRay Medical of Richland, WA, decreased slightly in fiscal 2010 (end-June 30), while the medical isotope developer reduced its net loss.

Revenue dipped to $5.3 million, compared with $5.4 million in fiscal 2009. The company also posted a net loss of $4.1 million in fiscal 2010, compared with a net loss of $6.1 million in fiscal 2009.

In fiscal 2010, 97% of revenue was generated from sales of the firm's Proxcelan cesium-131 brachytherapy seeds for the treatment of prostate cancer, while the remaining 3% of revenue was generated by sales of Proxcelan seeds for the treatment of lung, head and neck, ocular, and colon cancer.

Dwight Babcock, IsoRay's chairman and CEO, said the company has completed the first phase of its right-sizing initiative, as IsoRay prepares for future growth with sales of cesium-131 for the treatment of various new cancer body sites.

Related Reading

IsoRay to distribute Hologic's GliaSite, June 23, 2010

IsoRay sales slip, net loss narrows, May 12, 2010

IsoRay sales grow in Q2, February 17, 2010

IsoRay adds VP, January 27, 2010

IsoRay targets Canada research, January 25, 2010

Copyright © 2010 AuntMinnie.com

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