MultiCell Technologies, Inc. (PINK:MCET): Financial Review for the Year 2012

Las Vegas, NV -- (SBWIRE) -- 03/12/2013 -- MultiCell Technologies, Inc. (PINK:MCET) has recently issued its financial statements for the year 2012. Annual as well as quarterly reports for November 2012 are released. Quarterly and annual income statements show that the company is operating in loss.

MultiCell Technologies Inc reported the net loss of $1,256,000 last year and a net loss of $312,000 in quarter ending November 29, 2012. The major expense of the company is selling general and administrative expense that came out as $1,196,000 in annual report 2012 and $394,000 in November ending quarter.

MultiCell Technologies Inc is a biopharmaceutical company that develops therapeutics and discovers tools for the purpose of addressing treatment of neurological disorders, hepatic disease, cancer and interventional cardiology. The company pursues research and development to deal with degenerative neurological diseases like cancer and multiple sclerosis.

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