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Aclara Reports Shrinking Revenues, R&D Expenses, Losses for Q4; Wins Pfizer as Customer

NEW YORK, Jan. 29 (GenomeWeb News) - Aclara BioSciences reported decreased revenues, losses, and R&D expenses for the fourth quarter of 2003 yesterday, and said it has won Pfizer as a customer for its eTag assay system.


The company's fourth quarter revenues fell to $653,000 from $752,000 a year ago.


R&D expenses for the quarter decreased to $3.4 million, from $5 million during the same period last year.


Aclara's net losses for the quarter amounted to $3.7 million, or $.10 per share, compared with $7.1 million, or $.20 per share, the year before.


As of Dec. 31, 2003, Aclara had cash and short-term investments of $88.4 million.


Click here for the full earnings report.


Separately, Aclara said that Pfizer will use its eTag assay system at two of its research sites over the next two years.


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