SAN DIEGO COUNTY - News from April 27, 1989
Gen-Probe reported a $1.6-million net loss for the first quarter of 1989, contrasted with a $2.1-million net loss for the same quarter a year ago. Revenue rose to $2.2 million, up from $1 million. Quarterly product sales for the first time reached $1 million, according to a prepared statement released Tuesday by Gen-Probe President and Chief Executive Thomas A. Bologna. Increased product sales and “an increased portion of research-and-development expenses funded through collaborative arrangements” helped cut Gen-Probe’s loss, Bologna said.
Tables, Page 12
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
