CytoCore, Inc. Announces Third Quarter Financial Results

CHICAGO--(BUSINESS WIRE)--CytoCore, Inc. (OTCBB:CYCR), a biopharmaceutical research and medical device company focused on early detection and treatment of reproductive-tract cancers, reported a loss of $.02 per share for the third quarter vs. a loss of $.03 per share for the same period a year ago. The company continued to improve its balance sheet by reducing the liabilities to $2.5 million reflecting a reduction of $1.613 million, or 40%, from the $4.13 million of a year earlier. Much of this reduction resulted from cashless settlements. The company expects to reduce liabilities to approximately $750,000 by year end.

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