Finance

Losses mount at Norwegian biotech firm Hofseth BioCare in Q1

Despite net sales climbing in the quarter, the group continued to widen its losses.

The company, together with European Biotech, received its first purchase order from US-based health supplement company Garden of Life, which is owned by the food and beverage giant Nestle, during the quarter.
The company, together with European Biotech, received its first purchase order from US-based health supplement company Garden of Life, which is owned by the food and beverage giant Nestle, during the quarter.Foto: Hyperthermics
Published 21 May 2021, 09:16Updated 21 May 2021, 11:51
NorwayHofseth BiocareRoger HofsethEarningsbiotech