NEW YORK (GenomeWeb News) – Response Genetics today reported a third-quarter revenue decline of 9 percent and a more than doubling of its net loss on higher spending.
The Los Angeles-based molecular diagnostics firm brought in revenues of $2 million for the three-month period ended Sept. 30, compared with revenues of $2.2 million in the comparable period of 2007. It said in a statement that the decrease was primarily due to the timing and quantity of samples for testing that it received from pharmaceutical clients.

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