Subject: Transgenic Gets U. S. Jobs For Total of $3.4 Million
Date: Published: 9/7/90 (27 lines)
Source: Wall Street Journal. Copyright Dow Jones & Co. Inc.

    Transgenic Gets U. S. Jobs
    For Total of $3.4 Million

    WORCESTER, Mass.  -- Transgenic Sciences Inc. said it was
 awarded two federal contracts totaling $3.4 million to
 conduct carcinogenicity and toxicology testing.
    Transgenic Sciences said the contracts, from the National
 Institute of Environmental Health Sciences, will contribute
 to its revenues over the next three years.
    For the year ended July 1, Transgenic posted a loss of $1
 million, or 17 cents a share, on revenue of $6.9 million.  For
 1989, the company reported a loss of $1.2 million, or 40
 cents a share, on revenue of $105,000.
    Separately, Transgenic Sciences received two agreements
 from the National Cancer Institute allowing the company to
 compete for AIDS vaccine-related research funded by the
 cancer institute.  Transgenic Sciences said the agreements may
 provide new avenues for revenue growth.

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