Med BioGene Posts 2007 Net Loss of $2.4M

Apr 30, 2008

NEW YORK (GenomeWeb News) – Med BioGene reported today a 31.4 percent decrease its fiscal 2007 net loss.

The Vancouver, BC-based firm reported a net loss of $2.4 million, or $.09 per share, compared with a net loss of $3.5 million, or $.20 per share, for fiscal 2006. It said that the decrease was due to $2.3 million in charges in 2006 related to the acquisition of Dragon-Tex and the listing of its shares on the TSX Venture Exchange.

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