News Valve Manufacturing Velan Inc. Reports its Second Quarter 2011/12 Financial Results
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Velan Inc. announced today its financial results for its second quarter ended August 31, 2011.

Net loss amounted to $2.1 million or $0.10 per share compared to a net loss of $2.5 million or $0.11 per share last year. Excluding the results of first quarter acquisition, Velan ABV, the related effects of purchase price accounting and currency impacts, the company would have reported a net loss of $0.5 million or $0.02 per share in the current quarter compared to a net loss of $2.6 million or $0.12 per share last year.

Source: Velan

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