CV Thera narrows loss on Ranexa sales
US drugmaker CV Therapeutics narrowed its loss by 46% during 2008, compared to the year before, on higher collaboration, royalty and product revenues.
Total turnover jumped 87% to $154.5 million, primarily from sales of chronic angina treatment Ranexa (ranolazine extended-release tablets), which earned $109.3 million during the year. R&D costs fell 21% to $75.1 million.
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