Skip to main content
Premium Trial:

Request an Annual Quote

Med BioGene Posts 2007 Net Loss of $2.4M

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.
 
Med BioGene reported no revenues for full-year 2007. The firm is working on the development and commercialization of its LungExpress Dx gene expression prognostic assay for patients with early stage non-small cell lung cancer. It licensed exclusive, worldwide rights to the test last week from the Ontario-based University Health Network.
 
Med BioGene said that its R&D expenses more than doubled to $1.2 million from $565,168 in 2006, while its general and administrative costs also doubled to $1.2 million from $647,084 in 2006.
 
As of Dec. 31, Med BioGene had $1.4 million in cash and cash equivalents.

The Scan

Shape of Them All

According to BBC News, researchers have developed a protein structure database that includes much of the human proteome.

For Flu and More

The Wall Street Journal reports that several vaccine developers are working on mRNA-based vaccines for influenza.

To Boost Women

China's Ministry of Science and Technology aims to boost the number of female researchers through a new policy, reports the South China Morning Post.

Science Papers Describe Approach to Predict Chemotherapeutic Response, Role of Transcriptional Noise

In Science this week: neural network to predict chemotherapeutic response in cancer patients, and more.