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makesumgravy

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makesumgravy

Re: None

Sunday, 05/25/2008 9:44:25 AM

Sunday, May 25, 2008 9:44:25 AM

Post# of 28
BioMS Medical announces first quarter 2008 results
Thursday May 15, 5:00 pm ET


Toronto Stock Exchange Symbol: MS


The consolidated net loss for the first quarter ended March 31, 2008 was $6.7 million or ($0.07) per share compared to a consolidated net loss of $12.9 million or ($0.17) per share for the first quarter of the previous year.

Revenue for the three months ended March 31, 2008 was $12.8 million compared to $nil for the first three months of the previous year. The revenue is the result of recognizing a portion of the upfront payment received on the completion of the licensing agreement with Eli Lilly and Company.

Total consolidated expenses for the three months ended March 31, 2008 were $22.2 million compared to $13.3 million for the first three months of the previous year.
http://biz.yahoo.com/cnw/080515/bioms_q1_2008_results.html?.v=1



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