This article has been updated from a previous version, which miscalculated the company's R&D spending.
NEW YORK (GenomeWeb News) — Clinical Data’s fiscal third-quarter revenues increased 20 percent as R&D spending rose by nearly 80 percent and net losses decreased 580 percent, according to preliminary earnings report.
Total receipts for the three months ended Dec. 31, 2006, increased to $22 million from $18.4 million year over year.

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