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Article: CANTAB PHARMACEUTICALS REPORTS FIRST QUARTER RESULTS
- Article from:
- PR Newswire
- Article date:
- May 14, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. 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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CAMBRIDGE, England, May 14 /PRNewswire/ -- Cantab Pharmaceuticals plc (Nasdaq: CNTBY) today announced financial results for the first quarter ended March 31, 1996.
Revenues for the first quarter totaled 17,000 pounds sterling compared to 135,000 pounds for the same period in 1995. Revenues posted in the first quarter of 1996 were earned under Cantab's collaborative agreement with Pfizer Inc (NYSE: PFE) to develop vaccines for veterinary healthcare. Revenues received in the first quarter of 1995 were related to Cantab's agreement with Baxter Healthcare, which terminated during the period.
Net loss for the first quarter of 1996 was 1.8 million pounds, or 0.17 ...