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Velan Inc. Reinstates Dividend and Reports its 2008 Financial Results

Velan Inc. reported financial results for the fiscal year ended May 31, 2008, with net earnings of $12.5 million, or $0.56 per share, compared to $18.4 million, or $0.82 per share in the preceding year. For the fourth quarter, net earnings amounted to $7.3 million, or $0.33 per share, versus $6.9 million, or $0.31 per share, in the preceding year.

Source: Velan

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