Velan Inc. announced earnings results for the third quarter ended November 30, 2020. For the third quarter, the company announced sales was USD 71.560 million compared to USD 88.701 million a year ago. Operating income was USD 10.442 million compared to operating loss of USD 410,000 a year ago. Net income was USD 9.527 million compared to net loss of USD 819,000 a year ago. For the nine months, sales was USD 216.553 million compared to USD 257.984 million a year ago. Operating income was USD 4.241 million compared to operating loss of USD 5.739 million a year ago. Net income was USD 2.529 million compared to net loss of USD 5.274 million a year ago.