Texas Biotechnology Records Substantial Boost in Revenue

Dec 21, 1998

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HOUSTON--Texas Biotechnology, a company here specializing in computer-aided small-molecule drug design, has reported third-quarter results that show nearly a nine-fold increase in revenue compared to the same period last year. That's largely because of an $8.5 million license fee that came from a corporate partnership with SmithKline Beecham. In addition, operating expenses for the quarter fell compared to the same period last year.

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