Important note: Information in this article was accurate in 2002. The state of the art may have changed since the publication date.
Important note: Information in this article was accurate in 2002. The state of the art may have changed since the publication date.
Reuters NewMedia - November 14, 2002
As part of the deal, Pfizer will make an investment in ViroLogic resulting in Pfizer owning about 5 percent of the company.
The company also reported a narrower third quarter loss on Thursday and lowered its revenue target for the year.
The company lost $5.8 million, or 24 cents per share, compared with a loss of $8.9 million, or 45 cents per share, a year earlier.
ViroLogic said it expects revenue of $24 million to $26 million for 2002, lower than a previous view of $28 million to $32 million. The company attributed the shortfall to delays in starting new clinical trials.
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