By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Paced by accelerating sales of its OVA1 test, Vermillion today reported revenues in the fourth quarter rose 152 percent year over year.

For the period ended Dec. 31, 2011, total revenues were $868,000, up from $345,000 a year ago as product revenues, comprised of sales of the company's OVA1 ovarian cancer test, increased to $755,000 from $149,000 a year ago. Testing volume increased 40 percent year over year to 4,118, the firm said.

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