NEW YORK (GenomeWeb News) – Helicos BioSciences cut its second-quarter net loss significantly on lower R&D and SG&A costs, according to the firm's quarterly filing with the US Securities and Exchange Commission.

The Cambridge, Mass.-based firm reported total revenues of $371,000 for the three-month period ended June 30, up from $251,000 for the second quarter of 2008. It said that $213,000 of its revenues in Q2 2009 came from a government research grant, while $158,000 came from product revenue, which primarily consisted of reagent sales.

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