License Fees Help Exact Sciences Cut Q4 Net Loss | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Exact Sciences today reported that it had cut its fourth-quarter net loss 14 percent, as it took in licensing fees that were more than three times greater than those received in Q4 2008.

The Madison, Wis.-based molecular diagnostics developer said that it brought in $1.2 million in licensing fees for the three-month period ended Dec. 31, compared to $338,000 for the fourth quarter of 2008. The company reported no product revenues for either period.

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