Alfacell has cash to last until FDA decision
US biopharmaceutical firm Alfacell's net loss was almost flat for the fiscal quarter ended October 31, 2008, at $2.8 million versus a loss of $2.7 million in the same period of the year before. Loss per share remained at $0.06. R&D expense increased by around $100,000 and was offset by decreases in general and administrative costs and investment income. As of the end of the period, the company had cash and cash equivalents totaling $2.0 million vs $4.7 million on July 31, 2008.
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