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KaloBios Announces Fiscal Year 2012 Financial Results

or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:Jeffrey H. Cooper
Chief Financial Officer
KaloBios Pharmaceuticals, Inc.
(650) 243-3146

Media Contact:Joan E. Kureczka
Kureczka/Martin Associates
Tel:  (415) 821-2413
Mobile: (415) 690-0210

---- Tables to Follow --Consolidated Balance SheetsDecember 31, 2012 and 2011(in thousands, except share and per share information)December 31,December 31,20122011 (Unaudited)AssetsCurrent assets:Cash and cash equivalents 

3,338Marketable securities 

9,35114,509Contract receivables 

87177Prepaid expenses and other current assets 

871580Total current assets 

21,25618,604Restricted cash 

205205Property and equipment, net 

230427Deferred offering costs

2,803-Intangible and other assets 

45111Total assets 

9,347Liabilities, convertible preferred stock and stockholders' deficitCurrent liabilities:Accounts payable 

266Accrued compensation 

628832Deferred revenue, short-term 

-5,630Deferred rent, short-term 

10153Accrued research and clinical liabilities 

3,5381,079Other accrued liabilities 

502248Total current liabilities 

7,2178,108Deferred rent, long-term 

62163Notes payable

9,826-Other liabilities, long-term 

355243Total liabilities 

17,4608,514Convertible preferred stock, $0.001 par value: 60,152,555 shares and 39,108,536 shares authorized at December 31, 2012, and 2011, respectively; 12,329,330 shares and 10,657,030 shares issued and outstan

SOURCE KaloBios Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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