Biosearch Medical Products Announces Earnings.BRANCHBURG, N.J.--(BUSINESS WIRE)--April 27, 1998--Biosearch Medical Products Inc. (BMPI BMPI Bone Morphogenetic Protein I ) today announced its year end 1997 results. Revenues continue to decline from $2,649,000 in 1996 to $1,936,000 in 1997. The loss of $556,000 in 1997 was lower by $327,000 from the 1996 loss of $884,000. This was primarily due to cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. procedures implemented in 1996 and continued in 1997. The current purchase requirements of the company's largest customer, Smith Industries Medical Systems/Portex Ltd., (SIMS SIMS Secondary Ion Mass Spectrometry SIMS School of Information Management and Systems SIMS Sun Internet Mail Server SIMS Student Information Management System SIMS Steacie Institute for Molecular Sciences (National Research Council, Canada) ) will be completed by June, 1998. There are no further purchase orders forthcoming in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. The total amount of sales for the above client was $700,000 in 1997. Further information about the company and its products can be found on the World Wide Web at http://www.biosearch.com. CONTACT: Robert Keller, 908/722-5000 |
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