Navigation Links
Champions Biotechnology Reports Fiscal 2011 First Quarter Financial Results
Date:9/13/2010

rter of fiscal 2010.  The increase in R&D expenses in 2011 was mainly due to costs associated with the development and testing of the Company's four drug compounds and the acquisition of Tumorgrafts as the Company continues to expand its tumorgraft platform.

General and administrative expenses for first quarter of fiscal 2011 were $738,000 as compared to $806,000 in fiscal 2010.  The decrease was primarily attributable to the Company's consolidation of its operations to Baltimore, Maryland.

For the first quarter of fiscal 2011, the Company reported a net loss of $591,000, or ($0.02) per share, compared to a net loss of $1.0 million, or ($0.03) per share, in the corresponding quarter of fiscal 2010.  In addition to the factors described above, the Company's net losses reflect non-cash expenses, i.e., share-based compensation and depreciation, of $180,000 or ($0.01) per share, in the first quarter of 2011 compared to $58,000, or ($0.00) per share, in the first quarter of 2010.

The Company's cash position on July 31, 2010 was $2.1 million compared to $2.6 million on April 30, 2010.

First Quarter Highlights:

  • Experienced an increase in top-line revenues of 66% with overall gross margins increasing from 31% to 66%, year-over-year;
  • Experienced year-over-year top-line revenue growth of 679% in the Preclinical eValuation business;
  • Continued to expand its Biomerk Tumorgraft platform to approximately 350 tumorgrafts which are available and/or in development at July 31, 2010, representing all of the major solid tumor indications;
  • Hired a Preclinical Sales Director to oversee direct sales of Preclinical eValuation services; and
  • Began to offer genome sequencing as part of its Personalized Oncology services.

    • David Sidransky, M.D., Chairman of the Board of Champions Biotechnology, Inc., noted, "The 2011 first quarter results are positive.  As we move into 2011, we continue to see
    '/>"/>

    SOURCE Champions Biotechnology, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

    0

    GOOD

    Page: 1 2 3 4

    Related biology technology :

    1. Champions Biotechnology Reports Fiscal 2010 Third Quarter Financial Results
    2. Champions Biotechnology Enters into Licensing Agreement with Yale University and Southern Research Institute for the Repurposing of Bithionol for Oncology
    3. Champions Biotechnology to Present Data at AACR-EORTC 2009 Regarding the Predictability of Biomerk Tumorgraft(TM) Platform to Guide Personalized Cancer Treatment and Accelerate Oncology Drug Development
    4. Champions Biotechnology Expands Collaboration to Test Oncology Therapeutic in Biomerk Tumorgrafts(TM)
    5. Champions Biotechnology Reports Fiscal 2010 First Quarter Financial Results
    6. Champions Biotechnology and PinnacleCare Enter Into Personalized Oncology Collaboration Agreement
    7. Champions Biotechnology to Present at Rodman & Renshaws Eleventh Annual Healthcare Conference
    8. Champions Biotechnology to Deploy its Technology to Guide Development of Oncology Therapeutic for Global Biotech Leader
    9. Champions Biotechnology Reports Fiscal 2009 Full-Year Financial Results
    10. Champions Biotechnology Partners with Do-Coop Technologies to Advance Its Novel Oncology Compound Into Biomerk Tumorgraft(TM) Testing
    11. Champions Biotechnology, Inc. Establishes UK Subsidiary and Retains General Manager to Expand Its Personalized Oncology Business
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:6/17/2013)... June 17, 2013 The worldwide orphan ... accounting for nearly 16 percent of total prescription drug sales, ... from Evaluate .   To better ... of the pharmaceutical industry, Evaluate has enhanced its EvaluatePharma ... analysis with data fields for integrated US, EU and ...
    (Date:6/17/2013)... The ALS Therapy Development Institute (ALS TDI) will hold ... event on July 19-21, 2013. The Tri-State Trek is a three-day, ... to Greenwich, CT with the mission to ... disease). (Logo: http://photos.prnewswire.com/prnh/20110204/DC42625LOGO ) ... passes through 46 communities and includes 12 rest stops, ...
    (Date:6/17/2013)... Westchester County, N.Y. (PRWEB) June 17, 2013 ... behind the world's best-engineered batteries, has announced the ... Rye, NY. On June 12, Westchester County’s business ... who propelled the first electric car and powered ... monumental moon landing in an opening celebration showcasing ...
    (Date:6/15/2013)... Chicago, IL (PRWEB) June 15, 2013 ... Agile and Scrum classes are scrum framework, scrum roles, ... can earn eight professional development units (8 PDUs) for ... analysts, project managers, developers, testers, managers, directors. It is ... of the Scrum team, people outside the software industry ...
    Breaking Biology Technology:Evaluate Launches Enhanced Orphan Drug Intelligence 2Evaluate Launches Enhanced Orphan Drug Intelligence 3ALS TDI Tri-State Trek Charity Bike Ride to Take Place July 19-21 2ALS TDI Tri-State Trek Charity Bike Ride to Take Place July 19-21 3VARTA Microbattery Celebrates New North American Headquarters in Rye, NY 2VARTA Microbattery Celebrates New North American Headquarters in Rye, NY 3VARTA Microbattery Celebrates New North American Headquarters in Rye, NY 4Affordable Scrum Trainings in Chicago on July 12th 2013 by Conscires Agile Practices 2Affordable Scrum Trainings in Chicago on July 12th 2013 by Conscires Agile Practices 3
    ... ... its Board of Directors. , ... Alachua, FL (PRWEB) September 16, 2009 -- NovaMin Technology Inc. (NTI) announced ... is President and CEO of Columbia Biosciences Corporation which he founded in 2007 to ...
    ... Pa., Sept. 16 Kensey Nash Corporation (Nasdaq: KNSY ... Sciences conference at the Grand Hyatt New York in New York ... Joseph W. Kaufmann, Kensey Nash,s President & CEO, will deliver the ... the live webcast of the Kensey Nash presentation at the UBS ...
    ... , SAN MARINO, Calif., Sept. ... at biotechnology company Viral Genetics (Pink Sheets: VRAL), will address ... presentation entitled: "The Impact of Custom Peptides on Chronic Inflammation," ... conference is being held at The Loews Santa Monica Beach ...
    Cached Biology Technology:NovaMin Technology Inc. Welcomes New Board Member 2Viral Genetics' Lead Scientist Dr. M. Karen Newell Will Present at 11th Annual SoCalBio Investor and Partnership Conference 2
    (Date:6/16/2013)... cells use to group together and move around the body ... the first time by scientists at UCL. , Published ... on the process that occurs when cancer cells interact with ... metastasis. Scientists know that cancer cells recruit healthy cells and ... takes place and how it could be controlled to design ...
    (Date:6/14/2013)... Many students have difficulty understanding and explaining how ... teach the subject, researchers at Michigan State University ... from the molecular changes underlying an evolving characteristic ... The researchers, Peter J. T. White, Merle K. ... of the scenarios into a cellular and molecular ...
    (Date:6/14/2013)... warms up Wisconsin, humans aren,t the only ones tending ... of Bacteriology, colonies of leaf-cutter ants cultivate thriving communities ... , While these fungus gardens are a source of ... are potential models for better biofuel production. , "We ... a lot of plant biomass goes in and is ...
    Breaking Biology News(10 mins):'Chase and run' cell movement mechanism explains process of metastasis 2Teaching complete evolutionary stories increases learning 2Researchers unearth bioenergy potential in leaf-cutter ant communities 2Researchers unearth bioenergy potential in leaf-cutter ant communities 3
    ... widely known that the brain perceives information before it reaches ... to determine what specific mental tasks were taking place prior ... with the findings of scientists at Rutgers University in Newark ... a highly accurate way to peer into the brain to ...
    ... Rabalais, Ph.D., from the Louisiana Universities Marine Consortium (LUMCON), found ... to be smaller than forecasted, measuring 3,000 square miles. However ... above the sea floor, was severe where it did occur, ... Earlier this summer, NOAA-sponsored forecast models developed by ...
    ... AUGUSTA, Ga. Distinctive patterns of genes turned ... cancerous cells could enable early screening for many common ... Georgia scientists say. Researchers are comparing chemical alterations, ... in healthy colon, breast, brain and lymphatic cells and ...
    Cached Biology News:Researchers develop 'brain-reading' methods 2Researchers develop 'brain-reading' methods 3Researchers develop 'brain-reading' methods 4Smaller than expected, but severe, dead zone in Gulf of Mexico 2Cancer's distinctive pattern of gene expression could aid early screening and prevention 2Cancer's distinctive pattern of gene expression could aid early screening and prevention 3Cancer's distinctive pattern of gene expression could aid early screening and prevention 4
    IgD Chain C (AMS 9.1)...
    Bethyl Laboratories packages antibodies, conjugates and calibrators to provide quantitative ELISA kits. Each kit contains the following components, sufficient for 1000 single well assays....
    Applications: Epitope mapping, Mapping protein-protein contacts, Identification of enzyme substrates/inhibitors, Identification of receptor agonists/antagonists...
    Bethyl Laboratories packages antibodies, conjugates and calibrators to provide quantitative ELISA kits. Each kit contains the following components, sufficient for 1000 single well assays....
    Biology Products: