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million, or 1 cent a share, for the second quarter endedApril 30, compared to $2.5 or 2 cents a for the same quarter in 2008. Secon d quarter 2009 revenue was comparedto $28,368 for the year-agoo period, but operating costs dropped dramatically from $2.5 millionm in the second quarter of 2008 to $1.3 milliohn in the just-ended The decrease was mainly attributable to the absencew of stock-based compensation expenses and to implementer in February to preserve cash, Haemacure said in a Those measures included a layoff of some workers at its plant in Sarasota.
Haemacure (TSX: a specialty biotherapeutics company that’s developing biologicak adhesives, got a financial boost when it entered intoa $2.5 millionn bridge loan agreement as part of a strategic collaboratiom with (NASDAQ: ANP), a biotherapeutics compan headquartered in Montreal. Haemacure had received $200,000 upon the signing of the term sheey in May andreceived $1 milliobn when the transaction closed on June 3, the release Angiotech can, at its advance up to an additional $1 million to Haemacure from time to time for a totao loan of $3.5 million, the releas e said. Haemacure said the $2.
5 million loan would alloq it to continue operations until the end ofthe
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