Navigation Links
Nuvelo Reports Second Quarter 2008 Financial Results
Date:7/23/2008

SAN CARLOS, Calif., July 23 /PRNewswire-FirstCall/ -- Nuvelo, Inc. (Nasdaq: NUVO) today announced second quarter 2008 financial results and accomplishments.

For the second quarter ended June 30, 2008, Nuvelo reported a net loss of $0.2 million or $0.00 per share, compared with net income of $29.0 million or $0.54 per share for the same period in 2007. For the six months ended June 30, 2008, Nuvelo reported a net loss of $18.6 million or $0.35 per share, compared with net income of $13.7 million or $0.26 per share for the same period in 2007. Net cash used in operating activities was $11.0 million for the second quarter of 2008 and $27.4 million for the first six months of 2008. As of June 30, 2008, Nuvelo had $76.0 million in cash and cash equivalents, marketable securities and restricted cash.

Revenues for the second quarter of 2008 were $15.1 million, compared with revenues of $45.8 million for the same period in 2007. $15.0 million of the revenues for the second quarter of 2008 was a result of the recognition of the termination payment received from Bayer in June 2007. This payment had been recorded as deferred revenue and was recognized as revenue in May 2008. The second quarter 2007 revenue was a result of the termination of Nuvelo's collaboration agreement with Bayer in June 2007. Nuvelo recorded as revenue $45.8 million of the $50.0 million up-front license fee that it received from Bayer in January 2006, which was originally recorded as deferred revenue. Revenues for the six months ended June 30, 2008 were $15.1 million, compared with revenues of $46.7 million for the same period in 2007.

Total operating expenses for the second quarter of 2008, including a $4.7 million non-cash goodwill impairment charge, were
'/>"/>

SOURCE Nuvelo, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related biology technology :

1. Nuvelo Reports First Quarter 2008 Financial Results and Updated Outlook for 2008
2. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
3. QMed, Inc. Reports July Medicare SNP Enrollments
4. Phlo Affiliate Reports Expanded Coverage to Oregon Border
5. Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
6. Dragon Pharmaceutical Reports Growth in Sales and Profits during Second Quarter of 2007
7. Carrington Reports Second Quarter 2007 Results
8. Avitar Reports Third Quarter Financial Results for Fiscal 2007
9. Response Genetics Reports Second Quarter 2007 Financial Results
10. Cadence Pharmaceuticals Reports Second Quarter 2007 Financial Results
11. Transgenomic, Inc. Reports Second Quarter 2007 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... DE (PRWEB) January 22, 2015 Controlled ... Pistoia Alliance, which helps companies check the legal requirements ... to expand to China. , As their international ... are globally adopting software solutions built as a result ...
(Date:1/22/2015)... SAN DIEGO , Jan. 22, 2015   ... company, and Sequenom, Inc. (NASDAQ: SQNM ... a development agreement for next generation noninvasive prenatal ... Cypher,s genome interpretation technology, called Mantis™, to advance ...
(Date:12/25/2014)... The report “Service Quality Management and Telco ... Type - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)” ... and forecasting of revenues. , Browse 152 market ... in-depth TOC on “Service Quality Management (SQM) and Telco ...
(Date:12/24/2014)... , Dec. 24, 2014   BioLife Solutions , Inc. (NASDAQ: ... of proprietary clinical grade hypothermic storage and ... for cells and tissues  ("BioLife" or the "Company"), today ... Stockholders on May 4, 2015 (the "Annual Meeting"). ...
Breaking Biology Technology:Global Compliance Service for Controlled Substances to Expand to China 2Cypher Genomics and Sequenom Announce Development Agreement 2Cypher Genomics and Sequenom Announce Development Agreement 3Cypher Genomics and Sequenom Announce Development Agreement 4Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 2Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 3Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 4BioLife Solutions Sets Date for Annual Meeting of Stockholders 2
... 28, 2011 BioMarin Pharmaceutical Inc. (Nasdaq: ... Jean-Jacques Bienaime, Chief Executive Officer of BioMarin, ... on Thursday, April 28, at 5:00 p.m. ... results.U.S. / Canada Dial-in Number:  888.396.2386International Dial-in ...
... SAN DIEGO, March 28, 2011 TriLink BioTechnologies, Inc. ... agreement with TATAA Biocenter (TATAA) to sell its CleanAmp™ ... broad spectrum of hands-on qPCR courses worldwide, in addition ... As an innovative approach to Hot Start ...
... 25, 2011 (Nasdaq: VRML ) – ... Inc. initiated analyst coverage March 23, 2011 on Vermillion. ... from the analyst at Stephens by contacting, Scott Gleason ... Vermillion, Inc. is dedicated to the ...
Cached Biology Technology:BioMarin to Host First Quarter 2011 Financial Results Conference Call and Webcast on Thursday, April 28 at 5:00 p.m. ET 2TriLink Enters Into Distribution Agreement With TATAA Biocenter 2Stephens Initiates Coverage on Vermillion 2Stephens Initiates Coverage on Vermillion 3
(Date:1/22/2015)... POINT ROBERTS, Washington , January 20, 2015 ... including technology and tech stocks, releases video from the CES ... and security consultant Apollo Robbins . Apollo ... the Wocket™ biometric smart wallet, a product of NXT-ID, Inc. ...
(Date:1/22/2015)... DUBLIN , Jan. 22, 2015 Research and ... the addition of the "Global Wearable Technologies ... Growth, Share, Overview, Trends and Forecast 2014-2020" ... Wearable Technologies are smart devices that can be ...
(Date:12/24/2014)... , Dec. 23, 2014  Since its launch in December 2014, the ... eliminate the pain of trying to remember their usernames and ... fused to their smartphones. To assist people who have struggled ... company that created 1U and focuses on redefining identity, announced ...
Breaking Biology News(10 mins):Apollo Robbins Talks about the Illusion of Personal Safety and How Easily Your Wallet is Stolen; If a Wocket Wallet is Stolen the Thief Can't do Anything With it! 2Apollo Robbins Talks about the Illusion of Personal Safety and How Easily Your Wallet is Stolen; If a Wocket Wallet is Stolen the Thief Can't do Anything With it! 3Global Wearable Technologies Market and Applications, Opportunities, Industry Analysis, Segmentation, Size, Growth, Share, Overview, Trends and Forecast 2014-2020 21U Offers Best Solution to the Username / Password Dilemma: For FREE! 21U Offers Best Solution to the Username / Password Dilemma: For FREE! 3
... release is available in German . , ... Greenland Eemian Ice Drilling) in north-western Greenland was completed at ... Alfred Wegener Institute for Polar and Marine Research in the ... m length on the Greenland inland ice within 110 days. ...
... the complete darkness of submarine caves, constantly on the lookout ... Remipedia rely on long antennae which search the ... fiction monster, their head is equipped with powerful prehensile limbs ... Latin names sound menacing. There is the "Secret Club Bearer" ...
... Victorian stem cell scientists from Monash University have modified a ... the stem cells become red blood cells. The ... the eventual aim of generating mature, fully functional red blood ... conducted by a team led by Professors Andrew Elefanty and ...
Cached Biology News:Searching for an interglacial on Greenland 2Scientists discover new species of crustacean on Lanzarote 2
Mouse monoclonal [SH-A1] to S100 alpha ( Abpromise for all tested applications). entrezGeneID: 6271 SwissProtID: P23297...
This application changes sensitive keywords in an FCS file to remove patient information. It was contributed by Dr. David Miller....
Rat monoclonal [HK5.3] to B7 RP1 (Biotin) ( Abpromise for all tested applications). entrezGeneID: 23308 SwissProtID: O75144...
Zinc finger MYM-type protein 3 (Zinc finger protein 261) (DXS6673E protein). [Source:Uniprot/SWISSPROT;Acc:Q14202] Antigen: Recombinant Protein Epitope Signature Tag (PrEST)....
Biology Products: