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FDAnews Drug Daily Bulletin

HEALTHY PROGRESS FOR ARDANA DESPITE LOSSES HITTING £8.8M

July 3, 2006

Dr. Maureen Lindsay, chief executive of Edinburgh-based biotech group Ardana, claimed the last year had been one "significant progress", despite a slight widening of losses. The company, which specialises in human reproductive health, turned in an £8.8 million pre-tax loss in the year to March 31, compared with £8.5m the year before. Edingburgh News (http://edinburghnews.scotsman.com/business.cfm?id=955322006)