Cytogen revenues slip in Q2

AuntMinnie.com staff writers

Aug 7, 2000

Radiopharmaceutical developer Cytogen posted revenues of $2.2 million in the second quarter, down 51% from the $4.5 million reported for the same quarter in 1999. For the period (end-June 30), the Princeton, NJ-based firm had a net loss of $2.6 million, more than double the $1 million net loss posted in last year's same quarter.

In June, Cytogen completed the transfer of sales and marketing responsibilities for its monoclonal antibody-based ProstaScint prostate cancer imaging agent from C.R. Bard to its own direct sales force. While first-half sales of ProstaScint have been flat, Cytogen said it will redouble efforts to expand the market, and has filed for regulatory approval of the agent in Europe.

By AuntMinnie.com staff writers
August 8, 2000
Related Reading

Cytogen to acquire Advanced Magnetics, July 10, 2000

Cytogen applies for European clearance of ProstaScint, June 26, 2000

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