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Product sales in the quarter were down 1% to $28.6 million.
November 3, 2009
By: Tim Wright
Enzon 3Q09 3Q Revenues: $44.6 million (-9%) 3Q Earnings: $0.1 million (loss of $2.0 million in 3Q08) Comments: Product sales in the quarter were down 1% to $28.6 million. Contract manufacturing revenue was $2.3 million (-57%), primarily due to cancelled shipments and early discontinuation of processing for a CMO customer scheduled for termination in early 2010. Royalty revenue, for which Pegintron accounts for the majority, was $13.7 million (-6%).
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