BioCryst losses soar to $32.7M in 2010, including $9.1M in 4Q
BioCryst
Durham County, N.C. —
Boosted by federal support for development of a pandemic flu vaccine, Biocryst reported a $13.5 million loss a year earlier.
In the fourth quarter, the firm reported a loss of $9.1 million, or 20 cents per share. A year earlier, boosted by federal payments for the development of a pandemic vaccine, BioCryst reported a $15.2 million quarterly profit.
The company's research and development costs climbed to $82.5 million in 2010 from $72.3 million a year earlier. General operating expenses also increased, hitting $14.2 million compared to $11.5 million in 2009.
Revenues fell to $63.5 million from $74.6 million in 2009.
For the full earnings report and a recap of 2010, read here.
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