NEW YORK (GenomeWeb News) – Nanosphere reported after the close of the market on Thursday that its third-quarter revenues more than doubled due to grant and contract revenues and its net loss dropped 9 percent.

The Northbrook, Ill.-based molecular diagnostics firm brought in total revenues of $729,000 for the three-month period ended Sept. 30, compared to $283,000 for the prior year third quarter. Its contract and grant revenues were roughly $422,000 for the quarter compared to $73,000 the year before, while its product sales grew to $307,000 from $210,000 year over year.

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