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Senesco Technologies Reports Third Quarter Fiscal 2008 Financial Results
Date:5/16/2008

NEW BRUNSWICK, N.J., May 16 /PRNewswire-FirstCall/ -- Senesco Technologies, Inc. ("Senesco" or the "Company") (Amex: SNT) today reported financial results for the three months ended March 31, 2008.

Net loss for the three month period ended March 31, 2008 was $2.0 million, or $0.12 per share, compared with a net loss of $0.8 million, or $0.05 per share, for the three month period ended March 31, 2007. This increase in net loss was primarily the result of an increase of $0.8 million in expenses associated with the outstanding convertible notes that were issued during the current fiscal year, and an increase in operating expenses.

Quarterly and Recent Highlights

-- Senesco regained compliance with AMEX's continued listing requirements.

-- Preclinical pancreatic islet cell research that was funded by the

Company was presented at two important industry conferences, the

Keystone Islet and Beta Cell Symposium, and the Upper Midwest Islet

Club's Annual Meeting. Using a small interfering RNA (siRNA) against

Senesco's Factor 5A technology, the data showed what Senesco believes

to be a variety of promising results regarding delivery of the

technology, as well as islet protection and function.

-- The Company announced the results of preclinical animal studies focused

on multiple myeloma. In the studies, mice were injected subcutaneously

with human multiple myeloma cancer cells to form myeloma tumors in

their flanks. Treated mice were injected intratumorally with Factor 5A

therapy encapsulated in nanoparticles, while control mice received a

nanoparticle without the Factor 5A therapy. One of the dosing regimens'/>"/>

SOURCE Senesco Technologies, Inc.
Copyright©2008 PR Newswire.
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