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Nicox reports increase in revenue in 2014

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Nicox reported revenue of €6 million in 2014 compared with €0.4 million in 2013, according to a press release.

The revenue increase was attributed to the launch of new products, acquisitions and investment in the company’s commercial operations.

Net loss was €22.9 million in 2014 compared with €18.1 million in 2013. Operating loss was €21.8 million in 2014 compared with €11 million in 2013, attributed to commercial investments in Europe.

Selling, administrative, and research and development costs were €28.7 million in 2014 compared with €15 million in 2013. The increase was attributed to continued investment in building international commercial infrastructure in Europe’s five largest markets.