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The wider loss was primarily because of higher costs of testing experimental medicines, the company said.
Sadly, this may also reflect a wider loss of faith in human possibility.
Advanced Micro warned last week that it would post a wider loss than expected for the third quarter.
Seagram, the Canadian media and beverage company, posted a wider loss in its third fiscal quarter yesterday but still beat Wall Street expectations.
Last year's profit warning, which followed a bribery scandal in China, triggered a wider loss of confidence in Witty's remodelling of GSK.
Circuit City Stores, the consumer electronics chain, yesterday reported a wider loss than analysts had estimated after it lowered prices on flat-panel televisions and computers.
Covad eliminated 400 jobs in November; the chief executive resigned at that time, and the company restated third-quarter earnings to show a wider loss.
The Kerr-McGee Corporation restated its second-quarter earnings, showing a wider loss after including costs to clean up former oil, gas and chemical sites.
The Sprint Corporation said yesterday that fourth-quarter net income fell 2.6percentt because of a wider loss at its wireless unit.
Computer Associates International Inc. has reported a wider loss in net income in its fiscal second quarter on litigation settlement charges.
Toll Brothers, the largest American builder of luxury homes, reported a wider loss for its third quarter as the recession weighed on sales.
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CEO of Professional Science Editing for Scientists @ prosciediting.com