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Sirna Revenues Down for Q4 Amid Narrowed Net Loss

NEW YORK, Feb. 5 (GenomeWeb News) - Sirna Therapeutics, of Boulder, Colo., reported $420,000 in revenues for the quarter, down slightly from the prior year period, amid narrowed net losses.

 

The company, which changed its name from Ribozyme last April to reflect its new focus on siRNA-based therapeutics, reported net losses of $6.1 million for the quarter ended Dec. 31, down from $10,342.

 

R&D expenses came to $5.1 million, down from $8.4 million in the fourth quarter of last year.

As of Dec. 31, 2003, the company had $36.6 million in cash, cash equivalents and securities available for sale.

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