Skip to main content
Premium Trial:

Request an Annual Quote

With Only Grant Revenue Trickling In, Helicos' R&D Costs Deepen Q3 Loss

NEW YORK (GenomeWeb News) — In its second quarterly earnings report since its initial public offering in May, Helicos today said it gained minimal revenue from grants while R&D spending rose 73 percent and its net loss grew by 68 percent compared to the prior-year period.
Total receipts for its third quarter ended Sept. 30 were $230,000 while the company claimed no revenue for the third quarter of 2006.
The company said all of its revenue for the quarter, and for the year to date, came from grants from the National Institutes of Health.
Helicos’ R&D spending for the third quarter rose to $7.2 million from $4.2 million year over year, and its general and administrative costs nearly doubled to $3.6 million from $1.9 million.
The firm's net loss swelled to $10 million from $5.9 million in the comparable period of 2006.
As of Sept. 30, Helicos had $54.9 million in combined cash and cash equivalents.

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.