LATEST NEWS | | | | Boston Business Journal - 2:48 PM EDT Wednesday Cardiotech posts flat revenue, losses from acquisition talks Boston Business Journal Cardiotech International Inc. posted a wider financial loss for its fiscal 2005, with results crimped by a planned but not consummated acquisition and slow revenue growth. Recent Company News » » » Latest News » » » » » Cardiotech (AMEX: CTE) of Wilmington, Mass., said it lost $1.6 million in the fiscal year that ended March 31, compared with $1.5 million a year ago. Revenue was $21.8 million, up less than $50,000 over the year before. The company said more than $300,000 of the losses were tied directly to its lengthy exploration of an acquisition of The company announced in June that it would not go forward with that purchase. Instead, CEO Michael Szycher said Cardiotech would shepherd r

more...