GeneNews Reports Sharp Decrease in Revenues

May 02, 2008

NEW YORK (GenomeWeb News) – Canadian blood-based biomarker development company GeneNews today reported a sharp drop in revenues and a 53 percent rise in its net loss for the first quarter of 2008.

The company reported Q1 revenues of CDN$294,286 ($288,827USD), a drop of 82.4 percent from revenues of CDN$1.7 million in the first quarter of 2007.

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