Exact Sciences Cuts Q4 Loss on Reduce Costs

Mar 31, 2009

NEW YORK (GenomeWeb News) – Exact Sciences reported after the close of the market yesterday that its fourth-quarter net loss shrunk by nearly half on reduced spending.

The Marlborough, Mass.-based molecular diagnostics developer brought in license fees of $338,000 for the quarter compared to $337,000 in license fees for the fourth quarter of 2007. The fourth quarter of 2007 also included product sales of $6,000 compared to none for Q4 2008.

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