|
|
Article: NitroMed, Inc. Reports Financial Results for Fourth Quarter and Full Year 2004 -Conference Call March 10 at 5:00 PM ET-.
- Article from:
- Business Wire
- Article date:
- March 10, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LEXINGTON, Mass. -- NitroMed, Inc. (NASDAQ: NTMD), today reported financial results for the fourth quarter and the year ended December 31, 2004.
Total revenue for the year ended December 31, 2004 was $16.5 million compared to $12.8 million for the same period in 2003. The increase in revenue in 2004 is primarily attributable to the termination of a collaboration agreement with Merck and the recognition of all remaining, previously deferred license revenue under that agreement, as well as an increase in license revenue related to the December 2003 extension of our agreement with Boston Scientific. Total revenue for the quarter ended December 31, 2004 was $9.5 ...