NEW YORK (GenomeWeb) – Enzo BioChem reported after the close of the market on Monday that its third quarter revenues fell 5 percent year over year.

The firm cited a few issues that resulted in the decline in sales: a medical practice it served decided to internalize its genetic ordering, costing Enzo around $1.9 million; adverse weather; and the loss of an unnamed commercial insurance payor.

For the three months ended April 30, the firm reported total revenues of $25.6 million, down from $27.1 million in Q3 2017.

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