ExonHit 2007 loss up 56% on higher costs
French drug discovery and development firm ExonHit Therapeutics SA reported an operating loss of 7.8 million euros ($12.0 million) for the year ended December 31, 2007, up 56% on its deficit for the prior year. The firm said that the increase was due to a combination of higher operating costs, up 24% to 13.2 million euros, a 16% hike in general and administrative costs and a 27% rise, to 8.6 million, in its R&D expenditure.
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