Vermillion Inc. (NASDAQ: VRML) shares are up nearly 2.5% to $4.99 mid-day on word of the company's poster presentation of its preliminary results from its collaboration with John Hopkins University School of Medicine to identify biomarkers that improve the identification of malignant ovarian tumors.
The poster evaluated more than 20 candidate biomarkers for their ability to complement the company's CA125 in distinguishing benign ovarian tumors from malignant ones.
For the fourth-quarter 2010, the company posted revenues of $345,000 compared to none for the fourth quarter of 2009. Vermillion posted a net loss for the fourth quarter at $(4.0 million), or $(0.38) per share, compared to $(6.4 million), or $(0.86) per share, for the same period in 2009.
For the full year 2010, the company reported net loss of $(19.0 million), or $(1.83) per share as compared to a net loss of $(22.0 million), or $(3.31) per share for 2009. The company performed an estimated total of 6,155 tests for the year, exceeding the 2010 guidance range of 5,000-5,500 tests.
The company expects to perform 3,000 to 3,500 OVA1 tests for the first quarter of 2011.
Vermillion stock is currently trading at $4.95. The stock is up 2.06% from its previous close. Vermillion shares stock touched the high of $5.15 and lowest price in today's session is $4.80. The company stock's beta is 72.67.
The company stock has traded in the range of $4.53 and $34.00 during the past 52 weeks. The company's market cap is $70.64 million.
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