License fee hurts Targacept earnings – The Business Journal of the Greater Triad Area:

Targacept reported a net loss of $26.4 million in the fourth quarter of 2009, up from a loss of $5.4 million a year earlier, according to an earnings announcement.

Much of the loss was the result of a $16 million payment the Winston-Salem drug discovery firm made during the quarter as a license fee to the University of South Florida Research Foundation.

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