Less Two Business Units, MWG Posts 43-Percent Decline in Q1 Revenue

May 10, 2005

NEW YORK, May 10 (GenomeWeb News) - MWG Biotech this week reported a 43-percent decline in total revenues for the first quarter of 2005, and reaffirmed its commitment to lay off nine staffers by the end of the year.

Total receipts for the three months ended March 31 fell to €5 million ($6.5 million) from €8.9 million in the prior-year period.

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