Article: NitroMed, Inc. Reports Financial Results for First Quarter 2005; Conference Call May 5 at 5:00 PM EDT.

LEXINGTON, Mass. -- NitroMed, Inc. (NASDAQ: NTMD), today reported financial results for the first quarter ended March 31, 2005.

Total revenue for the quarter ended March 31, 2005 was $0.4 million which consisted of license revenue. This compared to $2.3 million for the same period in 2004. The decrease in revenue in the 2005 period is attributable to the termination of our development agreement with Merck in November 2004.

Research and development expense for the quarter ended March 31, 2005 was $7.7 million compared to $5.6 million for the same period in 2004. The increase in research and development expenses was primarily due to increased medical ...

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