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Precision medicine for oncology firm Cancer Genetics (CGI) today reported its third quarter results for 2017. According to the company, total revenues were $8.0 million—up 19% over Q3 2016 revenues of $6.8 million—with $4.2 million from biopharma services (up 10% since the same period last year), $2.9 million from clinical services (up 7%) and $1.0 million from discovery services (up 280%). “We are pleased to have delivered a record quarter of revenue along with a significant bottom-line improvement, and are committed to achieving profitability in the near-term,” said Panna Sharma, president and CEO of CGI. According to the report, the company’s gross profit margin increased to 42.9%, up from 34.2% in Q3 2016. And its operating loss improved 21% from the same quarter last year (from $4.0 million to $3.2 million). A large part of CGI’s success comes from its 191 current biopharma ...
Original Article: Cancer Genetics Reports Record Q3 RevenueNEXT ARTICLE
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Cancer is not just one disease but many diseases. There are more than 100 different types of cancer. Most cancers are named for the organ or type of cell in which they start - for example, cancer that begins in the colon is called colon cancer; cancer th...