Starpharma (ASX:SPL) see revenue rise 142%

27Aug

Starpharma (ASX:SPL) see revenue rise 142%

 

Starpharma (ASX:SPL) report their revenue is up 142 per cent to $6.56 million.

The increase in revenue reflects the AstraZeneca $4.3 million development milestone.

The company still reported loss after tax is $14.7 million from the expense of all research and development expenditure and patenting costs associated with VivaGel® and DEP® programs.

Shares in Starpharma (ASX:SPL) are trading 5.6 per cent higher at $1.41.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

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