DECODE GENETICS POSTS LOSS

deCODE genetics announced financial results for the second quarter 2005 yesterday, posting a net loss of USD 13.3 million. Net loss for the first six months was USD 30.3 million compared with a net loss of USD 25.3 million for the first half of 2004. Morgunbladid points out that net loss increased almost 20% year-over-year. In a released statement deCODE cite the loss the result of increased spending on it's drug development programs.

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