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2002 OCT 16 - (NewsRx.com & NewsRx.net) -- Aastrom Biosciences, Inc., (ASTM) announced financial results for its fourth quarter and fiscal year ended June 30, 2002.
The company reported that it completed the year with sufficient cash to fund operations for the coming fiscal year. In addition to the year-end cash assets, Aastrom intends to seek financing to fund future operations.
For the quarter ended June 30, 2002, Aastrom reported a net loss of $2.0 million, compared with a net loss of $1.9 million for the same period last year. For fiscal year 2002, the company reported a net loss of $7.9 million, compared with a net loss of $5.9 million in 2001. ...