MorphoSys' 2008 revenue jumps 15%
German antibody developer MorphoSys AG's full-year 2008 revenue rose 15.5% year-on-year to 71.6 million euros ($91.2 million), driven by higher levels of funded research and licensing fees, as operating profit more than doubled to 16.4 million euros.
The Munich-based firm said that its research antibodies segment AbD made the transition to profitability in 2008. Group net profit after taxes increased to 13.2 million euros from 11.5 million euros in 2007.
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