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Able Labs posts $13.53 million operating loss for July 18-Aug. 31
By Caroline Salls
Pittsburgh, Sept. 23 - Able Laboratories, Inc. reported a $13.53 million operating loss for the period of July 18 to Aug. 31 on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.
The net loss for the period was $13.52 million.
Cash on Aug. 31 was $2.63 million.
Able is a Cranbury, N.J., developer and manufacturer of general pharmaceuticals. The company filed for bankruptcy on July 11. Its Chapter 11 case number is 05-33129.
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