NEW YORK (GenomeWeb) – Cellular Dynamics International today reported that its third quarter revenues increased 44 percent year over year.

The Madison, Wis.-based stem cell research products firm reported total revenues of $3.6 million, up from $2.5 million for Q3 2013. Cellular Dynamics fell short of the consensus Wall Street estimate for revenues of $4 million.

Its revenues from collaborations and partnerships more than doubled to $1.9 million from $730,000, and its product sales dropped to $1.7 million from $1.8 million.

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