Lynx Therapeutics, European Union, MWG Biotech, Germany s Federal Ministry of Education and Research, Christopher Reeve Paralysis Foundation, Roche, Promega CorporationAcceptys, PharmaSeq | GenomeWeb

Lynx Posts Sharp Drop in Revenues, And Slight Increase in its Net Loss

Lynx Therapeutics last week reported revenues of $1.3 million, down from $3.3 million during the first quarter of last year and a net loss of $4.2 million, or $.66 per share, up from $4 million, or $.85 per share, during the same period last year.

Research and development costs declined to $2.5 million, from $3.6 million in the year-ago period. As of March 31, Lynx had cash and cash equivalents of $5.6 million.

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