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Article Excerpt
M2 PRESSWIRE-31 March 2009-Stockguru.com: BioTime, Inc. (OTCBB: BTIM) is in the StockGuru Spotlight for Tuesday, March 31, 2009(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:31032009
DALLAS, TEXAS - StockGuru announces that BioTime, Inc. (OTCBB: BTIM) is in the StockGuru Spotlight. BioTime, headquartered in Alameda, California, develops blood plasma volume expanders and technology for use in surgery, emergency trauma treatment and other applications. BioTime's lead product Hextend is manufactured and distributed in the U.S. by Hospira, Inc. and in South Korea by CJ CheilJedang Corp. under exclusive licensing agreements.
On Monday the company announced its 2008 year-end results.
Quoting from the latest news release, "Total revenue for the year ended December 31, 2008 was $1,503,792 compared to $1,046,121 for the year ended December 31, 2007. BioTime received $1,203,453 in royalties from Hextend sales by Hospira, Inc. for the year ended December 31, 2008, compared to $776,679 in 2007. This 55% increase in royalties is attributable to an increase in Hextend sales, which was largely due to an increase in both sales to the military...
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