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454 s Q1 Revenue Surges, Though Grant Receipts Slip 29 Percent

NEW YORK, April 27 (GenomeWeb News) - 454 Life Sciences generated $8.8 million from sales of instrument and reagents, fee-for-service sales, and milestone and royalty payments, up from $1.3 million year over year


The majority-owned CuraGen subsidiary also said revenue from grants slipped 29 percent in the period to $500,000 from $700,000 year over year.


Breaking down the numbers for this period, CuraGen said 454 generated nearly $4.5 million in product sales while the 454 SequencingCenterbrought in approximately $2.4 million.


In its statement today, CuraGen did not disclose 454's figures from the first quarter 2005; the information was obtained from CuraGen's website.

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