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Champions Biotechnology Reports Fiscal 2010 Third Quarter Financial Results
Date:3/17/2010

lthough we believe that the results of this business were somewhat effected by the severe winter  we are seeing  positive trends in our Personalized Oncology business going into the final quarter of our fiscal year.  

Costs of Personalized Oncology Services for the third quarter of 2010 totalled $162,000 as compared to $464,000 in fiscal 2009, a decrease of 65%.  This reduction is due to the decrease in Personalized Oncology services provided year- over- year.  Gross margins for the 2010 and 2009 fiscal third quarters were 50% and 49%, respectively.

Costs of Preclinical eValuation services for the three months ended January 31, 2010 and 2009 were $202,000 and $206,000, respectively, a decrease of $4,000 or 2%. Gross margins for the 2010 and 2009 fiscal third quarters were 51% and (148%), respectively.  During the third quarter of 2009, the Company realized negative gross margin on preclinical eValuation service revenues primarily due to a contractually negotiated reduction in payments and additional testing with one of the Company's customers.

Research and development ("R&D") expenses for the third quarter of fiscal 2010 were '/>"/>

SOURCE Champions Biotechnology, Inc.
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