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Array BioPharma Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2009
Array BioPharma, 08/11/09
Array BioPharma Inc. reported financial results for the fourth quarter and full year of fiscal 2009. Array reported revenue of $5.5 million for the fourth quarter of fiscal 2009, compared to revenue of $6.1 million for the same period in fiscal 2008. Array invested $21.3 million in proprietary research and development for the quarter to advance its seven wholly–owned drugs in clinical development and select discovery programs. This compares to $28.4 million invested in research and development during the fourth quarter of fiscal 2008.
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