GeneNews' Q3 Revenues Rise Sharply on Royalties | GenomeWeb

NEW YORK (GenomeWeb News) – Canadian molecular diagnostics firm GeneNews today reported a 258 percent rise year over year in third-quarter revenues.

Revenues in the quarter increased to C$157,692 (US$157,446) from C$43,999 as royalty revenues climbed to C$154,238, compared to none a year ago, the Toronto-based firm said in a document filed with Canadian Securities Administrators. Sales were down to C$3,454 from C$8,210, and milestone revenues dropped to zero from C$35,789 a year ago.

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