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Biosource International Inc

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BUSINESS
December 20, 1994
BioSource International Inc., a Camarillo supplier of medical test kits, plans to release about 1.1 million shares of common stock that it has held in escrow since June, 1992. The shares are expected to be released by Dec. 31, upon completion of the company's 1994 financial audit. Release of the shares will result in a onetime charge against BioSource's 1994 earnings.
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BUSINESS
August 25, 1998 | BARBARA MURPHY
The board of directors for BioSource International in Camarillo has authorized the purchase of up to 250,000 more shares of the company's common stock during the next 12 months. The authorization continues the share-buyback program that began April 22, 1997. The company has purchased all of the 1.2 million shares of stock authorized by the board since the start of the program, at an average share price of $6.44.
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BUSINESS
November 9, 1993
BioSource International Inc., a Camarillo supplier of immunological reagents and test kits used in biomedical research, reported a $218,702 profit for its third quarter ended Sept. 30. A year earlier, BioSource lost $4,849. Its revenue in the latest quarter was $1.45 million, up 46% from $992,534 in the comparable 1992 quarter. For the nine months, BioSource earned $419,021, in contrast with a profit of $3,041 a year before. Its revenue rose 34%, to $4.06 million from $3.03 million.
BUSINESS
May 5, 1998 | BARBARA MURPHY
BioSource International in Camarillo announced first-quarter sales of $5.3 million and net income of $816,169 or 10 cents per diluted share. A year earlier, BioSource reported revenues of $5.4 million and net income of $862,155 or 10 cents per diluted share. While sales revenue for the 1998 first quarter was the second highest in the company's history, net income was affected by a pretax charge of $158,000 or 2 cents per diluted share for moving expenses.
BUSINESS
January 11, 1994 | JACK SEARLES
BioSource International Inc., a Camarillo producer of immunological reagents and test kits used in biomedical research, reports that warrants to purchase 700,000 shares of its common stock were exercised last month for a total price of $932,000. James Chamberlain, president and chief executive, said the purchases mean "practically all" of BioSource's outstanding warrants have been exercised.
BUSINESS
May 17, 1994
BioSource International Inc., the Camarillo-based supplier of biomedical research products, said its net income for the first quarter that ended March 31 was $162,463, up slightly from $160,216 in the same quarter a year earlier. Revenue in the first quarter increased 22% to $1.54 million from $1.26 million the year before. The company said it reduced its administrative and selling costs from the first quarter last year, and more than doubled spending for research and development.
BUSINESS
August 16, 1994
BioSource International Inc., a Camarillo-based supplier of reagents and test kits used in biomedical research, reported a $163,474 profit for the second quarter that ended June 30, more than four times the $40,103 in earnings reported in the year-earlier period. Revenue in the latest quarter was $1.71 million, up 26% from revenue of $1.35 million reported a year earlier. For the first six months of 1994, the company reported earnings of $325,941 on revenue of $3.
BUSINESS
August 10, 1993
BioSource International Inc. said it entered an agreement with Vienna-based Bender MedSystems to develop four new tests to detect and measure levels of antibodies in biomedical tests involving mice. Camarillo-based BioSource will obtain and produce the basic materials and develop protocols for the test kits, which are likely to be used in the study of inflammatory disorders, cancer and AIDS. Bender MedSystems, a subsidiary of the Boehringer-Ingleheim Group, will manufacture the kits in Europe.
BUSINESS
August 22, 1995 | Jack Searles
BioSource International Inc., a Camarillo maker of test kits used by the biotechnology industry, expects acquisitions to account for an increasing portion of its growth. "We're very hot on the acquisition trail," Jim Chamberlain, chairman and chief executive, told Bloomberg Business News. Chamberlain said BioSource is holding talks with several companies, "and I think we are getting close to buying at least one, if not more, in the next six to 12 months."
BUSINESS
May 4, 1993 | JACK SEARLES
Camarillo-based BioSource Industries Inc. says the final regulatory hurdle has been removed to its proposed merger with Burlingame-based Tago Inc. James H. Chamberlain, BioSource's president and chief executive, said the Securities and Exchange Commission approved the registration of securities to be issued to shareholders of the merged company, which will be called BioSource International Inc.
BUSINESS
March 17, 1998 | BARBARA MURPHY
BioSource International in Camarillo announced record earnings for its fiscal year ended Dec. 31. For the 12 months, the company reported net income of $3.18 million or 36 cents per diluted share on revenue of $20.57 million. For the fourth quarter, BioSource reported net earnings of $696,372 or 8 cents per diluted share on revenues of $4.89 million.
BUSINESS
December 30, 1997 | BARBARA MURPHY
BioSource International in Camarillo has extended the company's common-stock repurchase program and authorized the purchase of up to 1 million shares by Dec. 23, 1998. BioSource's board of directors voted to extend the program's duration and expand the number of shares that may be purchased. Because of the recent price range of the stock, the board decided to more aggressively buy shares.
BUSINESS
November 11, 1997 | BARBARA MURPHY
Third-quarter results for BioSource International in Camarillo were the second best in the company's history, with revenues of $5.18 million and net income of $855,401--or 10 cents per share--for the three months ending Sept. 30. The figures were comparable to the three months that ended Sept. 30, 1996, when BioSource reported revenues of $5.04 million and net income of $806,380, or 10 cents per share.
BUSINESS
November 4, 1997
Biosource International Inc., the Camarillo-based manufacturer of immunological reagents and test kits used in biomedical research, reported a net income of $855,400 for its third quarter, up 6% from $806,400 a year earlier. Sales for the three months that ended Sept. 30 were $5.2 million, up 4% from $5 million in 1996. For the nine months, earnings rose to $2.5 million, up 32% from $1.9 million a year ago, while revenue rose to $15.7 million, up 45% from $10.8 million.
BUSINESS
December 3, 1996 | BARBARA MURPHY
BioSource International in Camarillo has hired a new vice president, who will be responsible for the company's immunology product lines. Kevin J. Reagan, PhD, will join the company early next month, BioSource officials said. For the past five years, Reagan has worked for Specialty Laboratories of Santa Monica, most recently as vice president of laboratory operations. BioSource also announced that Dr. Thomas J. Moss has agreed to serve on the company's scientific advisory board.
BUSINESS
February 27, 1996 | JACK SEARLES
Earnings of Ventura County National Bancorp increased in the final quarter of 1995 over the same period a year earlier, although profits at the company's main unit, Ventura County National Bank, declined. In the three months that ended Dec. 31, Ventura County National Bancorp had net income of $2.3 million, or 30 cents a share. A year earlier, the holding company earned only $50,000, or 1 cent a share.
BUSINESS
October 31, 1995 | JACK SEARLES
Earnings reports from a diverse group of Ventura County companies reflect performances ranging from impressive to disappointing. Improvements were turned in by BioSource International Inc., Vitesse Semiconductor Corp., LTC Properties Inc. and Amgen Inc. But Xircom Inc. in Thousand Oaks experienced a downturn.
BUSINESS
August 22, 1995 | Jack Searles
BioSource International Inc., a Camarillo maker of test kits used by the biotechnology industry, expects acquisitions to account for an increasing portion of its growth. "We're very hot on the acquisition trail," Jim Chamberlain, chairman and chief executive, told Bloomberg Business News. Chamberlain said BioSource is holding talks with several companies, "and I think we are getting close to buying at least one, if not more, in the next six to 12 months."
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