Chondrogene Posts Slight Decline in Q1 Revenue Amid Surge in R&D Spending, Net Loss

May 31, 2006

NEW YORK, May 31 (GenomeWeb News) - Chondrogene's first-quarter revenue declined around 1 percent as R&D spending surged 85 percent and net losses 26.5 percent year over year, the company reported today.

Total receipts for the three months ended March 31 declined to CA$868,222 ($788,312) from CA$878,251 year over year.

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