NEW YORK (GenomeWeb News) — Compugen yesterday reported it earned no revenues for the second quarter of 2007, while R&D spending was down 15 percent and net loss was cut 11 percent.
 
The company reported $5,000 in revenue for the second quarter of 2006.           .
 
Compugen said R&D spending in the quarter dipped to $2.3 million from $2.7 million year over year.
 
Net loss was lowered slightly to $3.2 million from $3.6 million over the same quarter last year.

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