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ADVENTRX Pharmaceuticals, Inc. Reports Fourth Quarter and Full Year 2007 Financial Results

ADVENTRX Pharmaceuticals, Inc.

(A Development Stage Enterprise)

Summary Consolidated Financial Information

(In 000s except for per share data)

Consolidated Statement of

Operations Data:

Three months ended Twelve months ended

December 31, December 31,

2007 2006 2007 2006

(unaudited) (unaudited)

Revenues $-- $-- $500 $--

Operating expenses:

Research and

development 3,887 3,060 15,934 12,001

In-process research

and development -- -- -- 10,422

Selling, general and

administrative 1,884 1,691 8,679 7,236

Depreciation and

amortization 48 49 198 177

Total operating

expenses 5,819 4,800 24,811 29,836

Loss from operations (5,819) (4,800) (24,311) (29,836)

Interest income 438 455 2,169 1,164

Loss before income taxes (5,381) (4,345) (22,142) (28,672)

Provision for income

taxes -- -- -- --

Net loss $(5,381) $(4,345) $(22,142) $(28,672)

Net loss per share -

basic and diluted $(0.06) $(0.05) $(0.25) $(0.39)

Weighted average shares -

basic and diluted 90,253 83,092 89,913 73,988

Balance Sheet Data:

2007 2006

Total cash and investments

SOURCE ADVENTRX Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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