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Wisconsin publicly traded biomedical companies report gains this quarter

Wisconsin's biotechnology industry has continued its growth, with three publicly traded biotech and health-care companies showing an improvement in revenues and net income over the last quarter. Due to new products and investments, the companies have been able to secure a foothold on the industry.

Bone Care: $1.2 million, boosted by doubled Hectorol sales

Middleton-based pharmaceu......

Full article >>> he third quarter. This is an increase over the same time in 2003, where revenue was $9.4 million and the company was facing a net loss of $1.4 million. Gross margins have improved by 65 percent from last year, and the cash balance at the end of the quarter has gone up to $67.1 million, up $9.3 million from 2003.

The company reported several changes in management. David Nuti, the chief fin......

Full article >>> r. Deferred revenue has also increased, going up 46 percent to reach a total of $5.4 million.

Merge credited the success in profits to the success of its business workflow systems RIS and PACS, which have enjoyed success in imaging centers and specialty clinics. Over the quarter, Merge has signed 19 new contracts for its Fusion line of systems, expanding the company's reach to 366 healthc......

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'"/> By WTN News 10/27/04

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