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Sangamo BioSciences Reports First Quarter 2012 Financial Results

s and presentation of data from clinical trials. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, the early stage of ZFP Therapeutic development, uncertainties related to the timing of initiation and completion of clinical trials, whether clinical trial results will validate and support the safety and efficacy of ZFP Therapeutics, and the ability to establish strategic partnerships.  Further, there can be no assurance that the necessary regulatory approvals will be obtained or that Sangamo will be able to develop commercially viable gene based therapeutics. Actual results may differ from those projected in forward-looking statements due to risks and uncertainties that exist in the company's operations and business environments. These risks and uncertainties are described more fully in the company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and will not be updated.SELECTED CONSOLIDATED FINANCIAL DATA(in thousands, except per share data)(unaudited)Three Months Ended Statement of Operations DataMarch 31, 20122011Revenues:Collaboration agreements

$ 1,663$ 1,487Research grants

1,579713Total revenues

3,2422,200Operating expenses:Research and development

7,2838,262General and administrative

3,2423,539Total operating expenses

10,52511,801Loss from operations

(7,283)(9,601)Interest and other income, net

1523Net loss

$ (7,268)$ (9,578)Basic and diluted net loss per common share

$ (0.14)$ (0.21)Shares used in computing basic and diluted net loss per common share

52,56745,461March 31, 2012December 31, 2011(Unaudited)Selected B

SOURCE Sangamo BioSciences, Inc.
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