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Article: NitroMed Reports Financial Results for First Quarter 2006; Conference Call and Webcast to be Held Today at 9:00 AM ET.
- Article from:
- Business Wire
- Article date:
- May 2, 2006
CopyrightCOPYRIGHT 2006 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)
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LEXINGTON, Mass. -- NitroMed, Inc. (NASDAQ: NTMD) today reported financial results for the first quarter ended March 31, 2006.
Total revenue for the three months ended March 31, 2006 was $2.3 million compared to $0.4 million for the same period in 2005, an increase of $1.9 million. Product sales of BiDil(R) (isosorbide dinitrate/hydralazine hydrochloride) accounted for all of the Company's revenue during the first quarter of 2006, and license fees accounted for all of the Company's revenue during the first quarter of 2005.
Total operating expenses for the three months ended March 31, 2006, excluding cost of product sales of $0.9 million, were $27.8 ...