Skip to main content
Premium Trial:

Request an Annual Quote

Source BioScience's 2009 Revenues Rise 11 Percent

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Source BioScience this week reported that its full-year 2009 revenues grew 11 percent and the firm swung to a profit from a loss year over year.

The UK-based provider of diagnostic and life science research tools and services said that its full-year 2009 revenues were £12.7 million ($18.9 million) compared to £11.5 million for 2008.

Revenues for its Life Science Research division increased 7 percent to £4.9 million, with "significant growth" from its DNA sequencing services. Its Pharma Biotech Services division had 60 percent revenue growth to £900,000. Its Healthcare division, which includes cytology and other diagnostic and molecular diagnostic screening services, had revenues of £6.9 million, up 9 percent year over year.

Source BioScience's profit for the year was £267,000 compared to a net loss of £227,000 for 2008.

The firm's cash balance at the end of the year was £7 million.

The Scan

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.