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Cardium Reports on Third Quarter 2010 Financial Results and Recent Developments
Date:11/9/2010

dence upon proprietary technology, our history of operating losses and accumulated deficits, our reliance on collaborative relationships and critical personnel, and current and future competition, as well as other risks described from time to time in filings we make with the Securities and Exchange Commission.  We undertake no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof.Copyright 2010 Cardium Therapeutics, Inc.  All rights reserved.For Terms of Use Privacy Policy, please visit www.cardiumthx.com.Cardium Therapeutics™ Generx® and MedPodium™ are trademarks of Cardium Therapeutics, Inc.Tissue Repair™, Gene Activated Matrix™, GAM™, Excellagen™, Excellarate™, Osteorate™, Appexium™ and Linee™ are trademarks of Tissue Repair Company. (Other trademarks belong to their respective owners)- Continued -Cardium Therapeutics, Inc.Selected Condensed Consolidated Balance Sheet DataSeptember 30,

2010

(Unaudited)December 31,

2009Cash and cash equivalents$
7,700,648$
3,363,665Restricted cash1,425,0001,425,000Accounts receivable-115,138Prepaid expenses and other current assets96,29140,384Property and equipment, net260,188351,539Other long-term assets179,938179,938Total assets$
9,662,065$
5,475,664Accounts payable and accrued liabilities$
,427,147$
2,637,243Derivative liabilities3,451,4674,802,882Long-term liabilities172,373190,114Total liabilities5,050,9877,630,239Stockholder's equity (deficiency)4,611,078(2,154,575)Total liabilities and stockholder's equity$
9,662,065$
5,475,664Selected Condensed Consolidated Results of OperationsThree months ended September 30,Nine months ended September 30,2010200920102009Revenues

$
-$   235,917$

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SOURCE Cardium Therapeutics
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