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Article: Organogenesis Conference Call Addresses Auditor's Concerns.
- Article from:
- BIOWORLD Today
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. 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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Staff Writer
Its head seemingly barely above water, Organogenesis Inc. tried to allay fears regarding the companyEs future after filing its annual report and disclosing its auditorEs worries.
The company incurred a net loss of about $30.1 million, or 86 cents per basic and diluted share for 2001, compared to a net loss of approximately $28.6 million, or 85 cents per basic and diluted share the previous year. The loss marked the third straight year the company posted negative numbers. Auditor PricewaterhouseCoopers LLP, of New York, said Organogenesis might not possess adequate funds to continue as a going concern in the next year.
oThe going ...