Navigation Links
Nventa Biopharmaceuticals Announces Third Quarter 2008 Financial Results and Recent Corporate Highlights
Date:11/11/2008

ties to best create shareholder value."

Third Quarter and Nine Months ended September 30, 2008 Financial Results

All amounts referenced below are in Canadian dollars.

Nventa reported a net loss of $1,864,000, or $0.01 per share, for the third quarter of 2008, compared to a net loss of $3,085,000, or $0.01 per share, for the third quarter of 2007. The $1,221,000 decrease in net loss in the third quarter of 2008, compared to the third quarter of 2007, principally was due to a $930,000 improvement in foreign exchange and to a $468,000 reduction in SG&A expenses. These favorable net loss items were partially offset by a $155,000 reduction in collaborative R&D revenue and reduced interest and other income of $125,000 during the third quarter of 2008.

Nventa reported a net loss of $7,659,000, or $0.03 per share, for the nine months ended September 30, 2008, compared to a net loss of $10,094,000, or $0.05 per share, for the same period of 2007. The reduced loss of $2,435,000 in the first nine months of 2008, compared to the first nine months of 2007, principally was due to a $2,041,000 improvement in foreign exchange, an $814,000 reduction in corporate restructuring expenses, and a $1,029,000 reduction in SG&A expenses. The lower expenses for corporate restructuring and SG&A were principally the result of cost savings associated with the closure of the Victoria facility in June 2007. These cost reductions, however, were partially offset by an increase in R&D expenses of $760,000, due to significantly higher spending in 2008 for clinical trials and adjuvant development costs and to lower collaborative R&D revenue of $465,000 because the amortization of upfront license fees from the Roche agreement ended in December 2007, and to lower interest and other income of $224,000, because of lower average cash balances in 2008, as compared to 2007.

The company had cash and cash equivalents of $6,166,000 as of September 30, 2008, compared to $
'/>"/>

SOURCE Nventa Biopharmaceuticals Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related biology technology :

1. Nventa Initiates HspE7 Phase 1 Cervical Dysplasia Trial
2. Nventa announces publication of HspE7 data
3. Nventas CEO to present at two upcoming investor conferences
4. Nventa updates progress of cervical dysplasia trial with new HspE7
5. Nventa Biopharmaceuticals Corporation announces third-quarter 2007 financial results
6. Nventa completes enrollment and initial dosing of second cohort in Phase 1 HspE7 safety trial
7. Nventa Biopharmaceuticals Reports Full Year 2007 and Fourth Quarter Financial Results
8. Nventa Appoints John Varian to Board of Directors
9. Nventa Appoints Gordon H. Busenbark to Board of Directors
10. Nventa Provides Corporate Update and Advancement Plans for HspE7, Hsp 6/11 and Poly-ICR
11. China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/24/2014)... , Dec. 24, 2014  United Therapeutics Corporation (NASDAQ: ... (NYSE: MDT ) has submitted a pre-market ... (FDA) for the use of Medtronic,s SynchroMed ® ... catheter) for use with United Therapeutics, Remodulin ® ...
(Date:12/24/2014)...  Vermillion, Inc. (Nasdaq:   VRML), a bio-analytical solutions ... the Company closed its previously announced private placement ... W. Schuler , Birchview Fund LLC and several ... offering expenses.  The proceeds will be used for ...
(Date:12/24/2014)... 2014 “Preparative & Process Chromatography ... Consumables (Columns, Solvents, Buffers, Valves, Guages, Seals), Accessories, ... - Forecasts to 2019” provides a detailed overview ... market trends, and strategies impacting the preparative and ...
(Date:12/24/2014)... Earlier this year in a June 24 international conference presentation, ... Technology Center, LLC ( ASCTC ) focused attention on an ... stem cells. His title “Asymmetric Self-Renewal by Distributed Stem ... the essence of his message to congress participants. He ...
Breaking Biology Technology:United Therapeutics Announces Submission Of Pre-Market Approval Application For Implantable Drug Infusion System To Deliver Remodulin 2United Therapeutics Announces Submission Of Pre-Market Approval Application For Implantable Drug Infusion System To Deliver Remodulin 3United Therapeutics Announces Submission Of Pre-Market Approval Application For Implantable Drug Infusion System To Deliver Remodulin 4Vermillion Announces Closing of Equity Financing 2Vermillion Announces Closing of Equity Financing 3Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 2Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 3Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 4Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 2Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 3Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 4
... be big enough that no one is likely to see everything ... be during the marathon event that promises to draw around 20,000 ... of their responses: , , Sal Braico, COO of ConjuGon ... Forum, which is part of BIO. They have companies presenting and ...
... Screaming Bee LLC , a local company that ... could use to better slip into their characters' roles in ... voice to sound like a troll, giant, dwarf or dark ... press release. , ,The company's MorphVox software is made to ...
... and a top prize of $7,500 in seed capital are ... sponsored by BizFilings , a company headquartered in Madison, ... named Plan for the Future, is accepting entries from U.S. ... by an independent panel. , , Young Entrepreneur Foundation: ...
Cached Biology Technology:Where will you be at BIO? 2
(Date:12/17/2014)... The Defense Logistics Agency is insourcing its efforts ... microcircuits from entering into its supply chain. ... initiative dubbed DNA marking. The capability will validate the ... the supply chain. The new quality control measures will ...
(Date:12/17/2014)... fundamentally transforming the travel experience and nowhere is this ... decade, ePassports, biometric readers, and secure document scanners have ... via eGates and Automated Passport Control (APC) Kiosks at ... across the globe. According to ...
(Date:12/11/2014)... 10, 2014  That blood pressure plays a role in human ... the medical term for high blood pressure – was first ... inflatable cuff that,s used in measuring blood pressure was invented ... new about hypertension, its triggers and its effects. In fact, ...
Breaking Biology News(10 mins):Defense Logistics Agency Launches DNA Marking Capability to Strengthen Microcircuit Supply Chain 2Defense Logistics Agency Launches DNA Marking Capability to Strengthen Microcircuit Supply Chain 3Automated Border Control (ABC) Transforms the Global Travel Experience With More Than 2500 ABC eGates and APC Kiosks Deployed In Airports, Seaports, and Land Borders Worldwide 2Research points to need for new approaches to treatment of high blood pressure 2Research points to need for new approaches to treatment of high blood pressure 3Research points to need for new approaches to treatment of high blood pressure 4
... has published recent findings that reveal some of the factors underlying ... The paper, Stem Cell Aging is Controlled both Intrinsically and ... issue of Cell Stem Cell. Lei Pan, Predoctoral Researcher, and Ting ... respectively. It is widely ...
... genetically engineered corn--called Bt corn--may damage the ecology of streams ... previously considered by regulators. The study, which was funded by ... of The Proceedings of the National Academy of Sciences. ... Bt corn may travel long distances in streams and may ...
... A few came. They ran. They left. As a result ... in 2008 in new running suits chosen after tests of ... The experience was enough to make both the University of ... that it was InSport,s training clothes that they had recommended ...
Cached Biology News:Stowers Institute's Xie Lab demonstrates dual intrinsic and extrinsic control of stem cell aging 2Genetically engineered corn may harm stream ecosystems 2Genetically engineered corn may harm stream ecosystems 3Marines land at UO, leave with plans to wear Oregon-made training suits 2Marines land at UO, leave with plans to wear Oregon-made training suits 3
... and Gel Band Purification Kit, 100. For the ... DNA fragments (0.1-10 kb) from solution and from ... fragments from solution in as little as 5 ... 15 min.Prepacked glass fiber matrix columns provide consistent ...
Includes USB cable, custom driver and one roll of thermal paper...
BD BaculoGold Max-XP Insect Cell Medium 1 Liter...
Newborn Bovine Serum Heat-Inactivated...
Biology Products: