This story has been updated to include comment from Exiqon officials.

By Justin Petrone

Exiqon said last week that first-quarter revenues increased 29 percent year over year, while net loss narrowed by more than half.

The firm brought in revenues of DKK 20.7 million ($3.4 million) for the three months ended March 31, compared to DKK 16 million for Q1 2009. Net loss fell to DKK 11.1 million from DKK 25.4 million year over year.

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