Genetics Institute sales and marketing update

Product sales and royalties for the Cambridge, Mass., company reached $67.8 million in its fiscal year ended Nov. 30., compared to $27.3 million in royalties alone in 1992. The net loss for the year was $16.9 million (81 cents) on total revenues of $107.8 million vs. a loss of $37 million ($1.80) on revenues of $87.7 million. The 1992 loss includes a $30 million charge relating to the merger with American Home Products. ...