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New customers up Hofseth BioCare’s sales, but losses continue

The company saw revenue increase 51% year-on-year, but investment into R&D and the commercial ramp-up meant widening losses

By Undercurrent News | Aug. 27, 2021 10:15 BST
Hofseth BioCare 'Brilliant' products
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Credit: Hofseth BioCare on Facebook

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Norway's Hofseth BioCare (HBC) saw increased revenues in the first half and second quarter of 2021 as it continues its commercial ramp-up, but investments in this and R&D took it to a loss [...]

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