Emisphere reports profit on legal settlement
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- November
- 6
Emisphere Technologies Inc., the biopharmaceutical company that plans to move managers from its offices at The Landmark at Eastview to Cedar Knolls, N.J., said this morning it earned $2.96 million, or 9 cents a share, during the third quarter, compared with a loss of $8.16 million, or 30 cents a share, a year earlier. Emisphere, which does not plan to move its laboratory operations, said this year’s results included proceeds of $11.9 million from the settlement of a lawsuit Eli Lilly and Co. Revenues for the quarter were up to $ $571,000 from $60,000.
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on Tuesday, November 6th, 2007 at 10:36 am by Allan Drury.
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