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Biotech Financial Reports

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COVALENT GROUP GETS $3.4 MILLION IN NEW BUSINESS AWARDS.
Covalent Group, Inc. (NASDAQ:CVGR), Wayne, Pa., has announced the awarding of contracts with five different pharmaceutical companies whose corporate headquarters are located in the United States . . .

NORAC SIGNS LETTER OF INTENT FOR AMALGAMATION WITH VIREXX.(Norac Industries Inc.)(Brief Article)
Norac Industries, Inc., (TSX-V:NRC.T), Edmonton, Alberta, Canada, has announced that a Letter of Intent has been entered into between Norac and ViRexx Research Inc. pursuant to which Norac and . . .

AKZO NOBEL REJECTS CRITICISM OF 2002 FINANCIAL STATEMENTS.(Brief Article)
Akzo Nobel, Arnhem, the Netherlands, has rejected the criticism expressed by "Stichting Onderzoek Bedrijfs Informatie" (SOBI) of the reporting of pension liabilities in the 2002 . . .

BIOGEN EXPECTS QUARTERLY EARNINGS TO BE UNEVEN DURING 2003.(Brief Article)
Biogen, Inc. (NASDAQ:BGEN), Cambridge, Mass., has reconfirmed operating earnings per share guidance for full year 2003 of $1.72 to $1.85. Biogen reiterated previous guidance that it expects . . .

GENEREX REPORTS A NET LOSS OF $2.6 MILLION FOR THIRD QTR.(Generex Biotechnology Corp.)(Brief Article)
Generex Biotechnology Corporation (NASDAQ:GNBT), Toronto, a leader in the area of buccal drug delivery, has announced financial results for its third fiscal quarter ended April 30, 2003. The . . .

DISCOVERY REPORTS FIRST QTR '03 NET LOSS OF $4.5 MILLION.(Discovery Laboratories, Inc.)
Discovery Laboratories, Inc. (Nasdaq: DSCO), Doylestown, Pa. a late-stage specialty biopharmaceutical company developing its proprietary surfactant technology as Surfactant Replacement . . .

HALSEY REPORTS REVENUES DECREASED 19% FOR FIRST QTR 2003.(Halsey Pharmaceuticals)(Brief Article)
Halsey Pharmaceuticals (OTCBB-HDGC), Rockford, Ill., has announced that revenues for the quarter ended March 31, 2003 decreased 19% to $1,526,000 as compared to revenues of $1,881,000 for quarter . . .

DRAXIS REPORTS NET INCOME OF $806.000 FOR FIRST QTR '03.(DRAXIS Health Inc.)
DRAXIS Health Inc. (Nasdaq:DRAX)(TSX:DAX), Mississauga, Ontario, has reported financial results for the first quarter of 2003 ended March 31, 2003. All amounts are expressed in US dollars. Revenues . . .

CYANOTECH REPORTS NET SALES UP 18% FOR 4TH QTR 2003.
Cyanotech Corporation (Nasdaq:CYAN), Kailua-Kona, Hawaii, a world leader in producing high-value natural products from microalgae, has announced financial results for the fourth quarter and fiscal . . .

IMMUCELL REPORTS PROFIT FOR FIRST QTR OF 2003.
ImmuCell Corporation (NASDAQ: ICCC), Portland, Maine, has announced the results of its operations for the three months ended March 31, 2003. During the three months ended March 31, 2003, total . . .

HYCOR REPORTS FIRST QTR NET INCOME OF $331.000.(Hycor Biomedical Inc. )
Hycor Biomedical Inc. (Nasdaq:HYBD), Garden Grove, Calif., has reported net income of $331,000, or $0.04 per share on sales of $4,878,000 for the first quarter ended March 31, 2003. The results . . .

COLLAGENEX REPORTS FIRST QTR TOTAL REVENUES INCREASE 13%.(CollaGenex Pharmaceuticals)
CollaGenex Pharmaceuticals, Inc. (Nasdaq: CGPI), Newton. Pa., has reported financial results for the first quarter ended March 31, 2003. Total revenues increased 13% to $12.2 million compared to . . .

ZOLL REPORTS RECORD 2ND QTR REVENUE INCREASE OF 34%.(ZOLL Medical Corp.)
ZOLL Medical Corporation (Nasdaq:ZOLL), Burlington, Mass. a manufacturer of non-invasive cardiac resuscitation devices which provide pacing and defibrillation, has announced record second quarter . . .

MEDAREX REPORTS NET LOSS OF $35 MILLION FOR 4TH QTR 2002.
Medarex, Inc. (Nasdaq: MEDX), Princeton, N.J. has announced its financial results for the quarter and year ended December 31, 2002. Medarex's pro forma net loss for the year ended December 31, . . .

ZILA REPORTS 36% REVENUE GROWTH FOR FISCAL 2ND QTR.
Zila, Inc. (NasdaqNM: ZILA), Phoenix, Ariz., has announced results for its fiscal second quarter ended January 31, 2003. Highlights of those results, compared with the same period a year ago, are . . .

INNOVATIVE MEDICAL SERVICES REPORTS 2ND QTR FY2003 NET LOSS.
Innovative Medical Services (Nasdaq:PURE), San Diego, a biosciences company that develops and markets technology-based products involving water purification/treatment, pest control and . . .

ADV. MED OPTICS REPORTS NET INCOME OF $8.8 MILLION FOR 4TH QTR.(Advanced Medical Optics, Inc. )
Advanced Medical Optics, Inc. (NYSE:AVO), Santa Ana, Calif., a global leader in ophthalmic surgical devices and eye care products, has announced its financial results for the quarter and the year . . .

TUTOGEN REPORTS 1ST QTR FY 2003 REVENUES INCREASED 31%.(Tutogen Medical Inc.)
Tutogen Medical, Inc., (AMEX: TTG), West Paterson, N.J. has reported first quarter FY 2003 financial results. For the three months ended December 31, 2002 revenues increased over 31% to $6.6 . . .

DYAX REPORTS NET LOSS FOR 4TH QTR AND YEAR-END 2002.(Dyax Corp.)
Dyax Corp. (Nasdaq: DYAX), Cambridge, Mass.,has announced financial results for the fourth quarter and year ended December 31, 2002. For the quarter ended December 31, 2002, the company reported . . .

HYCOR REPORTS INCREASE IN 4TH QTR AND YEAR-END PROFIT.(Hycor Biomedical Inc.)
Hycor Biomedical Inc. (Nasdaq:HYBD), Garden Grove, Calif., has reported net income of $1,257,000, or $0.15 per share, for the 12 months ended Dec. 31, 2002, compared with net income of $43,000, or . . .

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