FDAnews Drug Daily Bulletin

MOMENTA PHARMA THIRD-QUARTER LOSS WIDENS

Nov. 3, 2005
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Biotech drug developer Momenta Pharmaceuticals Inc. said Wednesday its third-quarter loss grew as the company increased spending. The company's loss widened to $6 million, or 21 cents per share, from $4.3 million, or 18 cents per share, a year ago. Revenue increased 60 percent to $3 million from $1.8 million. All the company's revenue comes from a licensing agreement with an affiliate of Novartis AG.

Forbes (http://www.forbes.com/home/feeds/ap/2005/11/02/ap2314055.html)