By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Helicos BioSciences' revenues for the second quarter rose 78 percent as grant revenues increased by 170 percent, the company disclosed in a document filed with the US Securities and Exchange Commission after the close of the market on Monday.

For the three months ended June 30, total revenues bounced to $661,000 from $371,000 a year ago. While product revenue dropped to $85,000 from $158,000 in Q2 2009, grant revenues shot up to $576,000 from $213,000 year over year.

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