ISIS PHARMACEUTICALS TRIMS 4Q LOSS

Biotech company Isis Pharmaceuticals Inc. said on Thursday it dramatically narrowed its fourth-quarter loss, thanks to a reduction in spending. Net loss applicable to shareholders for the quarter was $7.9 million, or 11 cents per share, narrowed from $57.5 million, or $1 per share, a year ago. Revenue for the quarter grew nearly 29 percent to $14.6 million, up from $11.4 million in the previous year.
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