Navigation Links
Alfacell Reports Fiscal Fourth Quarter and Full Year 2008 Financial Results
Date:10/14/2008

SOMERSET, N.J., Oct. 14 /PRNewswire-FirstCall/ -- Alfacell Corporation (Nasdaq: ACEL) today reported its financial results for the fourth quarter and fiscal year ended July 31, 2008.

The company recorded a net loss of approximately $2.9 million, or $0.06 per basic and diluted common share, for the fourth fiscal quarter ended July 31, compared to a net loss of approximately $2.4 million, or $0.05 per basic and diluted common share, for the fourth quarter of fiscal 2007. Research and development expenses increased by approximately $0.9 million during the fourth quarter of fiscal 2008 as compared to the same quarter a year ago primarily due to expenses incurred related to the company's preparations for the completion of its ONCONASE(R) rolling New Drug Application (NDA) submission. Decreased general and administrative expenses of approximately $0.5 million for the fourth quarter of fiscal 2008 were primarily the result of reduced stock based compensation expenses.

Net loss for the fiscal year ended July 31, 2008 of approximately $12.3 million, or $0.26 per basic and diluted common share, represents an increase of approximately $3.5 million, compared to the $8.8 million net loss, or $0.19 per basic and diluted common share, for fiscal 2007.

Cash and Liquidity

As of July 31, 2008, the company had cash and cash equivalents of approximately $4.7 million, a decrease of approximately $3.1 million, compared to cash and cash equivalents of approximately $7.8 million on April 30, 2008. The company has received notification that it continues to qualify for the sale of its state tax loss carryforwards in New Jersey and is awaiting additional information on the proceeds it can expect to receive from this sale in late 2008
'/>"/>

SOURCE Alfacell Corporation
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related biology technology :

1. Paper in Cell Cycle Reports Alfacells ONCONASE(R) Targets siRNA
2. Alfacell Hires Advisors to Advance Strategic Alternatives
3. Alfacell Receives NASDAQ Delisting Letter
4. Alfacell Receives NASDAQ Non-Compliance Notification
5. Alfacell Reports Financial Results for Third Quarter of Fiscal 2008
6. Alfacell Announces Retirement of Chief Executive Officer
7. Alfacell Reports Financial Results for Second Quarter of Fiscal 2008
8. Alfacell to Host Fiscal Second Quarter 2008 Financial Results Conference Call and Webcast
9. Alfacell Announces ONCONASE(R) Purchase and Supply Agreement with Scientific Protein Laboratories
10. Alfacell to Host Webinar on RNA Interference-Like Mechanics of RNase Therapeutics on Nov. 29
11. Alfacell to Host Fiscal Fourth Quarter and Year-End 2007 Financial Results Conference Call and Webcast
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/10/2009)... -- Endologix, Inc. (Nasdaq: ELGX ), developer ... today that Dan Lemaitre, former President and CEO ... Directors effective December 11, 2009. Endologix now ... ,, Franklin D. Brown, Chairman of the Board, ... to the Endologix Board of Directors. He ...
(Date:12/10/2009)... Dec. 10 With the economy and markets ... Street,s largest, fastest-growing small cap equity research provider, will ... investment opportunities within the micro cap market at the ... January 11, 2010 at the Grand Hyatt Hotel in ... are overlooked and undervalued by much of Wall Street, ...
(Date:12/10/2009)... BioSciences Inc. (NYSE Amex: YMI ; TSX: ... identifies and advances a diverse portfolio of promising ... provided an update on the proposed transaction which ... into YM, details of which were announced on ... Cytopia has unanimously recommended that its shareholders vote ...
(Date:12/10/2009)... 10 /PRNewswire-Asia-FirstCall/ -- China Biologic,Products, Inc. (Nasdaq: ... of the,leading plasma-based biopharmaceutical companies in China, today ... the opening bell at the,NASDAQ MarketSite in New ... December 15,2009. , China ... Global Market on,December 2, 2009, under the ticker ...
Breaking Biology Technology:Endologix Appoints Dan Lemaitre to its Board of Directors 2Technology, Biotech, Energy and Transportation Among the Industries to be Featured at Sidoti & Company's First Annual 2010 Micro Cap Conference 2YM BIOSCIENCES OFFER FOR CYTOPIA APPROVED TO PROCEED TO SHAREHOLDER VOTE BY AUSTRALIAN COURT 2YM BIOSCIENCES OFFER FOR CYTOPIA APPROVED TO PROCEED TO SHAREHOLDER VOTE BY AUSTRALIAN COURT 3YM BIOSCIENCES OFFER FOR CYTOPIA APPROVED TO PROCEED TO SHAREHOLDER VOTE BY AUSTRALIAN COURT 4China Biologic Products to Ring NASDAQ Opening Bell 2China Biologic Products to Ring NASDAQ Opening Bell 3
... - Madison Area Technical College is launching a major ... in technical colleges and high schools. The initiative will ... resources to better prepare qualified technicians to work in ... National Science Foundation (NSF) grant - the second such ...
... - Alfalight, Inc. , a Madison-based manufacturer ... markets, has been awarded $1.4 million in funding for ... program, sponsored by the Defense Advanced Research Projects ... is to increase a laser's power conversion efficiency -- ...
... slows. Indeed, in Europe, where I find myself this week, ... will last until the first of September. People relax. The ... , ,Or does it? , ,After a rare weekend away ... my inbox and a to-do list that had miraculously grown ...
Other Biology Technology:Alfalight garners $1.4 million defense funding for diode program 2Leaving it all behind 2
(Date:12/14/2009)... defining feature of humans. That,s until examples of tool use ... array of other mammals. Now, a report in the December ... publication, adds an octopus to the growing list of tool ... trick that the researchers call stilt walking. In it, the ... makes its eight arms rigid, and raises the whole assembly ...
(Date:12/14/2009)... preventing some of the stresses of open surgery on the ... organ dysfunction. Laparoscopy is a type of surgery in the ... By adding another gas to the carbon dioxide used to ... Medical Center have found they can preserve more normal blood ... (ENO) helped to open blood vessels and keep blood flowing, ...
(Date:12/13/2009)... by Yale University researchers has used nanosensors to ... first time. Their findings, which appear December 13 ... Nanotechnology , could dramatically simplify the way physicians ... , The teamled by Mark Reed, ... Science, and Tarek Fahmy, an associate professor of ...
Breaking Biology News(10 mins):Tool use in an invertebrate: The coconut-carrying octopus 2Gas improves blood flow and organ status during minimally invasive surgery 2Scientists use nanosensors for first time to measure cancer biomarkers in blood 2University of the Rockies Introduces Military Tuition Grant 52941 1University of the Rockies Introduces Military Tuition Grant 52941 2Clear Choice Health Plans Selects Thomson Reuters to Deliver Healthcare Cost Information to Members and Exceed State Transparency Requirements 52939 1Clear Choice Health Plans Selects Thomson Reuters to Deliver Healthcare Cost Information to Members and Exceed State Transparency Requirements 52939 2Clear Choice Health Plans Selects Thomson Reuters to Deliver Healthcare Cost Information to Members and Exceed State Transparency Requirements 52939 3F Duwaine Townsen Joins SpectraScience Board of Directors 52937 1F Duwaine Townsen Joins SpectraScience Board of Directors 52937 2F Duwaine Townsen Joins SpectraScience Board of Directors 52937 3F Duwaine Townsen Joins SpectraScience Board of Directors 52937 4
... with epilepsy in developing countries are being denied an ... according to an editorial in this week’s BMJ. , ... developing countries to ensure that effective treatment is available ... with epilepsy who live in developing countries, around 85% ...
... is yielding vital clues to understanding, diagnosing and treating ... the Seventh International Conference on Bipolar Disorder. Two studies, ... Thursday, June 7, have helped to identify novel pathways ... , The first study, presented by Husseini K. Manji, ...
... way, nanotubes are nature’s smallest candles. , These tiny tubes ... that it takes about 100,000 laid side-by-side to span the ... years, scientists have discovered that some individual nanotubes are fluorescent. ... Some glow brightly. Others glow dimly. Some glow in spots. ...
Other Biology News:Brain holds clues to bipolar disorder 2Brightening prospects of using fluorescent nanotubes in medical applications 2Brightening prospects of using fluorescent nanotubes in medical applications 3
Rabbit anti-NFkB p105/p50 (Ser529) Class: Antibody Product Group: Signalling molecules and phospho-specific Antibody...
Anti-Mouse C-10, Biotin (Polyclonal) (rabbit IgG)...
Anti-rat Dipeptidyl Peptidase IV (DPP IV), CD26, Clone 5E8, Monoclonal Antibody...
... Anti-acetyl-Histone H3 (Lys 4) ... the sequence ...RT[ Ac K]Q... in which ... 4 of human histone H3 ... Molecular Weight: Mr ~17kDa ...
Biology Products: