Response Biomedical's Q1 Revenues Rise; Proposes Unit Offering | GenomeWeb

NEW YORK (GenomeWeb News) – Response Biomedical today reported that its first-quarter revenues rose 131 percent, while its net loss fell around 50 percent.

The Vancouver, BC-based genetic test maker brought in revenues of C$2.7 million (US$2.3 million) for the three-month period ended March 31, compared to revenues of C$1.2 million. The firm said the boost was primarily due to a "significant contribution by Roche Diagnostics' launch of RAMP Cardiac products in the US."

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