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Xenoport, Inc. (NASDAQ:XNPT)

posted financial results for the third quarter and nine months ended September 30, 2014. Revenues for the third quarter were $31.1 million compared to $2.5 million for the same period in 2013. Net income for the third quarter was $8.3 million compared to a net loss of $18.8 million for the same period in 2013. At September 30, 2014, In connection with its license agreement with Reckitt, XenoPort recognized revenue of $25.0 million in the third quarter of 2014, of which a $5.0 million payment was received in July 2014 after the delivery of specified materials to Reckitt.

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