Hyal's 1996 Results
Hyal Pharmaceutical of Canada reduced its net loss in 1996 to C$15.8million ($11.4 million) from C$11.6 million in 1995. Revenues for the year were down 3% to $2.05 million. Expenses for R&D during the year rose 39% to C$13.4 million, as the firm conducts new Phase III trials for Hyanalgese (hyaluronic acid and diclofenac).
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