NEW YORK (GenomeWeb News) – Nanosphere today reported that its first-quarter revenues doubled year over year driven by new customer placements of its Verigene molecular diagnostics system and respiratory virus cartridges.

The Northbrook, Ill.-based firm reported total revenues of $1.3 million for the three months ended March 31, compared to $640,000 for the first quarter of 2011. It matched analysts' consensus estimate for revenues of $1.3 million.

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