NEW YORK (GenomeWeb) – Horizon Discovery reported on Tuesday that its preliminary 2017 revenues rose 52 percent year over year, thanks largely to a 101 percent increase in product revenues.

For the 12 months ended Dec. 31, the gene editing firm said revenues rose to £36.5 million ($49.2 million) from £24.1 million in 2016. Organic revenues excluding the acquisition of Dharmacon increased 14 percent to £27.5 million.

Product revenues rose to £22.8 million while services revenues increased 7 percent to £13.7 million.

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