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Targacept booked a net loss of $6.8 million in the second quarter, down from $8.3 million lost in the same quarter a year ago, according to an earnings announcement.
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Noven Pharmaceuticals said second quarter revenue was up 31 percent, but earnings decreased nearly 41 percent. (NOVN)
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Avant Immunotherapeutics Inc. reported wider net losses during its fiscal 2008 second quarter, driven largely by costs relating to a merger and resulting higher research and development expenses.
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Ariad Pharmaceuticals Inc. will earn $2.5 million from collaborator Merck & Co. Inc for launching a midstage human clinical trial for a new cancer treatment. (MRK)
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Net income for the first quarter of the fiscal year at MTS Medication Technologies Inc. dropped because the company sold more low-margin products. (OCR) (MTSI)
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Tetraphase Pharmaceuticals Inc. has raised $15 million in new venture financing, completing a $25 million debut round that began two years ago.
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