Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.GlaxoSmithKline has become the latest pharmaceutical giant to tap into the biotech market having agreed to buy antibody therapy company Domantis Limited for GBP230 million in cash.
Subscribe to our email newsletter
We have a strong pipeline of new products in the FDA, additional new products coming through the development process, such as our troponin assay, but our marketing efforts have been hampered by delays in new product clearances. While disappointed with these unanticipated delays, we remain excited about our ability to deliver significant value from our technology platform, said William Moffitt, Nanosphere’s president and chief executive officer.
For the first quarter of 2009, research and development expenses decreased to $4.8 million from $5.9 million in the first three months of 2008. The $1.1 million drop in research and development expenses reflected successful completion of specific programs related to cartridge development and manufacturing scale up.
Sales, general and administrative expenses were $3.1 million in the first quarter of 2009 against the $3.4 million in the first quarter of 2008.