CuraGen Posts Widened Loss in Q4; Paints Grim Outlook for 02 | GenomeWeb

NEW YORK, Jan. 31 - CuraGen on Thursday reported that swelling research and development expenses managed to double its net loss in the fourth quarter, and the 2002 revenues would only reach 75 percent of 2001 revenues.

Loss in the period ended on Dec. 31 widened to $16.2 million, or 33 cents per share, compared with $8.6 million, or 21 cents per share, one year ago.

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