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Velan Inc. Reports its Third Quarter 2010/11 Financial Results

Wednesday, January 12, 2011  
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After weak results in the first two quarters, Velan reported improved financial results for the three months ended November 30, 2010. Sales for the quarter were $108.0 million, down 2.9% from last year's strong sales. The net earnings for the three months were $5.8 million, or $0.26 per share. For the nine months ended November 30, 2010, sales were $281.3 million and net earnings were $6.0 million, or $0.27 per share. More…

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