Igen

Igen International Inc. of Gaithersburg said it raised $9.5 million yesterday by selling 789,075 shares of common stock to an investment fund that focuses on investments in life sciences companies. The stock purchased by Acqua Wellington North American Equities Fund Ltd. was part of the 3 million shares Igen registered in January to set aside and sell from time to time. Acqua Wellington has an agreement with Igen to buy up to $60 million of the company's shares at a discount. Yesterday's sale was made at about $12.04 a share, a discount of about 10 percent to Igen's closing price.

A federal jury awarded tiny Igen International Inc. $505 million yesterday from the world's No. 1 diagnostic testing company, capping a David vs. Goliath trial in which Igen claimed it was fighting for its life. Gaithersburg-based Igen, a $36 million-a-year company that sued industry giant Roche Diagnostics five years ago in a bid to win monetary damages and regain rights to its flagship technology, greeted the verdict in U.S. District Court in Greenbelt as a near-total victory. Roche executives, however, said that the award was substantially less than the more than $1 billion Igen had sought and said it would appeal the verdict, which awarded $105 million in compensatory damages and $400 million in punitive ones.

IGEN Inc.GaithersburgTicker .. ... ... ... Yesterday's Symbol ... ... ... ...Cls. .... ..Chg.IGEN ... .... ..... ..5 ... ... ..+Period ended3/31 .. .. .. .. 4th qtr. .. ... Year ago ... ... Chg.Revenue .. ... ..$4,437 ... ... .$3,264 .. ... .+35.9%Net Income ... ..$(1,415) .. .. .$(388) .. ... .. ..--Primary EPS $(0.10) $(0.03) --.. ... ... .. .. 12 mos. ... ....Year ago ... ... .Chg.Revenue ... ... .$14,834 ... ... $23,377 .. ... .-36.5%Net Income .. ...$(5,929) .. ... $(2,977) ... .... ..--Primary EPS .. ..$(0.

IGEN Inc.Rockville ... ... ... ... Ticker ... ... ... Yesterday's... ... ... ... .. .. ... Symbol ... ... ... Cls. ... ... Chg.... ... ... ... .. .. ... IGEN ... .. .. ... 6 3/8 .. .. ... +Period ended12/31/94 ... ... ... ... 3rd qtr. ... ... ... Year ago ... ... Chg.Revenue .. .. .. ... ... $3,393 ... ... .. .. $3,147 ... .. .. +7.8Net Income .. .. ... ... $(4,389) ... ... ... $(226) ... .. .. --Primary EPS ... .. .. .. $(0.30) ... .. .. .. $(0.02) .. .. .. --... ... ... ... ... ... 9 mos. ... ... ... ... Year ago ... ... Chg.Revenue ... ... ... ... $10,397 .. ... ... ... $20,113 .. .. .. -48.3%Net Income ... .. .. .. $(4,514)

IGEN Inc.RockvilleTicker .. ...Yesterday's Symbol .. .. Cls. ..Chg.IGEN .. .. ..6 3/4 .. .. +Period ended9/30 .. .. ..2nd qtr. .. ... Year ago .. .. ..Chg.Revenue .. ..$3,410 .. ... ..$3,056 .. ... .+11.6%Net Income ..$(536) .. .. .. $(8,693)* ... ... .--Primary EPS .$(0.04) .. ... .$(0.66)* .. ... .. --.. ... ... ..6 mos. .. ... ..Year ago ..... ..Chg.Revenue .. ..$7,004 .. ... ..$16,966 .. .. .-58.7%Net Income ..$(125) .. ... ..$(2,363)** .. ... .--Primary EPS .$(0.01) .. ... .$(0.18)** .. ... ..--* Includes loss of $9.48 million, or 72 cents a share, from discontinued operations.

Essex Corp.Ticker .. .. .. Yesterday'sSymbol .. .. .. Cls. .. Chg.ESEX . .. .. .. 3 3/8 . .. + 1/4Period endedMarch 31 .. .. .. 1st qtr. .. .. Year ago .. .. Chg.Revenue ... .. ... $4,245 ... .. . $3,027 .. . +40.2%Net Income ... ... $1,071 * . .. . $(318) .. .. .. --Primary EPS .. .. . $0.28 ... ... $(0.15) .. .. .. --Figures in thousands (except per share data)* Includes a gain of approximately $1,722,000, or 48 cents a share, from settlement of a lawsuit. Results from operations would have produced a net loss of $651,000 or 18 cents a share.

In the Region Allegheny plans stock offering to pay for power plants Allegheny Energy Inc. said yesterday that it will issue about 10 million shares of common stock to finance the purchases of electrical power plants. The publicly traded, Hagerstown-based company aims to become a national wholesale electricity supplier. It previously stated its goal of boosting generating capacity from about 9,000 megawatts to nearly 13,000 megawatts by 2005. One megawatt can power about 1,000 homes.

Swiss pharmaceutical giant Roche has agreed to acquire BioVeris Corp., a Gaithersburg biotechnology business, for $600 million, the companies announced yesterday. Roche said the acquisition would help expand its diagnostics division by adding BioVeris' "electroluminescence" - or ECL - technology, which uses light emissions to help discover new drugs, monitor and diagnose diseases and identify bacteria or toxins in the environment. "In comparison with other detection technologies, ECL offers distinct advantages such as enhanced sensitivity, short incubation times and broad measuring ranges," Severin Schawn, chief executive of Roche Diagnostics, said in a statement.

A Columbia company that holds the patent for a natural pigment that gives farm-raised salmon the glow of their pink, wild cousins expects to sign a licensing agreement with the nation's largest yeast maker.Igene Biotechnology Inc. signed a letter of intent yesterday with Burns Philp Food Inc. of San Francisco. Igene, whose astaxanthin can be added to the food of farm-raised salmon, will receive royalties from Burns Philp, but the exact amount was not disclosed.In exchange, Burns Philp, maker of Fleischmann's yeast, receives the exclusive manufacturing rights.