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Home » Business, Policy & Funding » Business News » Soft Biopharma Sales Contribute to 10 Percent Drop in SDIX Q2 Revenues

Soft Biopharma Sales Contribute to 10 Percent Drop in SDIX Q2 Revenues

Aug 08, 2012
|
staff reporter

NEW YORK (GenomeWeb News) – SDIX reported after the close of the market on Wednesday that its second-quarter revenues fell 10 percent year over year.

The Newark, Del.-based company said that for the three months ended June 30, revenues totaled $5.5 million, down from $6.1 million a year ago. The drop-off was primarily related to the timing of in vitro diagnostic sales, it said, as well as continued weakness in the biopharmaceutical market.

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