NEW YORK (GenomeWeb News) – Nanosphere today reported that its second-quarter revenues fell 62 percent and its loss grew by 17 percent. 
 
For the quarter ended June 30, 2008, Nanogen’s total revenue fell to $195,000 from $510,000 in the second quarter of 2007.
 
Revenue from grants and contracts fell to zero for the quarter, compared to $503,245 in the prior-year quarter, while product sales grew to $194,715 from $7,025 in the second quarter of 2007.
 

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