BERLIN, May 15, 2008 (PRIME NEWSWIRE) -- Jerini AG (FSE:JI4) reported financial results for the first quarter ended March 31, 2008. Under International Financial Reporting Standards (IFRS), revenues for the three-month period decreased by 31.5 percent to EUR 2.5 million from EUR 3.6 million for the same period in 2007, primarily attributable to the termination of a partnership agreement with Abbott. As of March 31, 2008, cash and cash equivalents amounted to EUR 28.0 million, compared to EUR 38.2 million as of year-end 2007.
