February 7, 2008
ImmuCell sales, earnings up
By The Mainebiz News Staff
ImmuCell Corp., in Portland, today announced a slight increase in revenue and net income in 2007.
In the 12 months through Dec. 31, 2007, ImmuCell's net income increased from $647,000 to $662,000, according to a company press release. The earnings bump is due in part to $602,000 ImmuCell received when drug maker Pfizer ended an existing product development deal. The company's product sales in 2007 jumped $466,000 to just less than $4.8 million, according to the release.
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