Logo

Nuvelo s Revenues Plunge, Losses Rise in Q1

May 07, 2004

NEW YORK, May 7 (GenomeWeb News) - Nuvelo yesterday reported increased losses and a drop in revenues for the first quarter of 2004.

 

Nuvelo's revenues plunged to $0.6 million, compared with $1.3 million in the first quarter of 2003. Net losses rose to $17.7 million, or $.65 per share, from year-ago losses of $13.6 million, or $.82 per share.

 

R&D expenses rose to $16.3 million in the quarter, compared with $10.8 million in the first quarter of 2003.

 

As of March 31, 2004, Nuvelo had $94 million in cash, cash equivalents, and short-term investments.

 

Breaking News
The Scan

Study Reveals New Details About Genetics of Major Cause of Female Infertility

Researchers in Nature Medicine conducted a whole-exome sequencing study of mote than a thousand patients with premature ovarian insufficiency.

Circulating Tumor DNA Shows Potential as Biomarker in Rare Childhood Cancer

A study in the Journal of Clinical Oncology has found that circulating tumor DNA levels in rhabdomyosarcoma may serve as a biomarker for prognosis.

Study Recommends Cancer Screening for Dogs Beginning Age Seven, Depending on Breed

PetDx researchers report in PLOS One that annual cancer screening for dogs should begin by age seven.

White-Tailed Deer Harbor SARS-CoV-2 Variants No Longer Infecting Humans, Study Finds

A new study in PNAS has found that white-tailed deer could act as a reservoir of SARS-CoV-2 variants no longer found among humans.