ImClone's 4th-qtr hurt by $60M settlement
US drug developer ImClone Systems posted a net loss of $19.9 million, or $0.23 per share, for the quarter ended December 31, 2007. The firm, which achieved a profit of $46.6 million during the year-earlier comparable period, said that its payment of $60.0 million in settlement of a case relating to its primary money earner, Erbitux (cetuximab; Marketletter December 17, 2007), had impacted heavily on its earnings.
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