DeCode's Q1 Revenue Falls 15 Percent as R&D Spending Slides and Loss Widens

May 01, 2007

NEW YORK (GenomeWeb News) — DeCode Genetics today said first-quarter revenues decreased 15 percent as R&D spending dropped 18 percent and losses rose 9 percent.

Total receipts for the three months ended March 31 fell to $8.6 million from $10.1 million year over year.

DeCode said it also had $11.6 million in deferred revenue at the close of the first quarter, which it will recognize over future periods.

R&D spending fell to $12.7 million from $15.5 million year over year.

To read the full story....

Register for Free.

...and receive Daily News bulletins.

Already have an account?
Login Now.

Breaking News

The Scan

Not Always an Answer

Sometimes genetic tests give inconclusive results and provide little reassurance to patients, the Associated Press reports.

CRISPR Acceptance or Not?

Vox wonders whether gene-editing crops will be viewed similarly as genetically modified organisms of if people will give them a try.

This Week in Science

In Science this week: research regulation and reporting requirement reform, and more.

Building Up Numbers

With H3Africa, Charles Rotimi has been working to bolster the representation of African participants and African researchers in genomics, Newsweek reports.

Main menu