BG Medicine (BGMD +14%) ramps higher after beating Q4 EPS estimates on a narrower-than-expected...


BG Medicine (BGMD +14%) ramps higher after beating Q4 EPS estimates on a narrower-than-expected loss. Revenue jumped nearly 250% Y/Y, driven largely by increased sales of its BGM Galectin-3(R) test, with product margins increasing 10% over the same period from 60% to 70%. Net losses also decreased by 38% Y/Y from $4.7M to $2.9M, primarily from an adjustment of accrued R&D expenses.

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