NEW YORK (GenomeWeb) – German molecular diagnostics firm Epigenomics today reported that its first quarter revenues decreased 20 percent year over year on lower R&D revenues offset by increases in product and license revenues.

The firm reported revenues of €295,000 ($330,273) versus revenues of €367,000 for the first quarter of 2015. The company said that its product revenues increased 10 percent to €186,000 from €169,000 in the prior-year period. Licensing income more than doubled to €103,000 from €41,000 while R&D income plummeted to €6,000 from €157,000 a year ago.

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