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The Honolulu Advertiser

Posted at 12:22 p.m., Friday, September 14, 2007

Mera Pharmaceuticals reports lower quarterly loss

Advertiser Staff

Mera Pharmaceuticals Inc., a Big Island-based marine biotechnology company, reported net losses narrowed in the three months ended July 31 as revenues increased from a technical services contract.

The company said its net loss was $88,396. That compared to a year earlier net loss of $125,803.

Revenue at the company rose to $131,608 from $72,792.