Skip to main content
Premium Trial:

Request an Annual Quote

Gene Logic Shares Jump 11.7 Percent on Modest Q2 Revenue Growth

NEW YORK, July 20 (GenomeWeb News) - Shares in Gene Logic were up 11.68 percent, or $.46, at $4.40 in mid-afternoon trading after the company posted increased revenues and declining losses for the second quarter of 2005.


As GenomeWeb News reported this morning, revenues for the quarter totaled $20.1 million, up 8 percent from $18.6 million during the same period a year ago. Of those, $14.2 million came from genomics and toxicogenomics services, a 12-percent increase, while revenues from nonclinical contract research services decreased 2 percent, to $5.8 million.


The company's research and development expenses for the quarter were $1.4 million, up from $400,000 during the year-ago period.


Gene Logic's net loss for the quarter was $2.6 million, or $.08 per share, down 41 percent from $4.4 million, or $.14 per share, during last year's second quarter. Part of this improvement came from $500,000 in savings compared to last year's quarter due to a new income tax treaty between the USand Japan that came into effect July 1, 2004.


As of June 30, Gene Logic had $69 million in cash and cash equivalents, and $29 million in marketable securities.

The Scan

Lung Cancer Response to Checkpoint Inhibitors Reflected in Circulating Tumor DNA

In non-small cell lung cancer patients, researchers find in JCO Precision Oncology that survival benefits after immune checkpoint blockade coincide with a dip in ctDNA levels.

Study Reviews Family, Provider Responses to Rapid Whole-Genome Sequencing Follow-up

Investigators identified in the European Journal of Human Genetics variable follow-up practices after rapid whole-genome sequencing.

BMI-Related Variants Show Age-Related Stability in UK Biobank Participants

Researchers followed body mass index variant stability with genomic structural equation modeling and genome-wide association studies of 40- to 72-year olds in PLOS Genetics.

Genome Sequences Reveal Range Mutations in Induced Pluripotent Stem Cells

Researchers in Nature Genetics detect somatic mutation variation across iPSCs generated from blood or skin fibroblast cell sources, along with selection for BCOR gene mutations.