Bavarian Nordic raises guidance despite economic crisis
With the pharmaceutical industry suffering under the credit-crunch, Denmark's Bavarian Nordic has nonetheless raised its financial guidance. The firm has increased its revenue predictions for full-year 2008 to 210.0 million kroner ($26.2 million) from 180.0 million kroner. As a result, net loss before tax is now expected to be 185.0 million kroner rather than 225.0 million kroner as previously predicted.
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