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Tengion Provides Business Update and Reports First Quarter 2011 Financial Results
Date:5/12/2011

e reports filed by the Company with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.  The forward looking statements in this release are made only as of the date hereof and the Company disclaims any intention or responsibility for updating predictions or expectations in this release.TENGION, INC.
(A Development-Stage Company)CONDENSED STATEMENTS OF OPERATIONS (unaudited)Three Months Ended
March 31,Period from
July 10, 200320102011(inception)
through
March 31, 2011Operating expenses:Research and development

$

3,316,126$

3,345,173$

107,909,292General and administrative1,412,4121,775,97936,478,177Depreciation1,226,8091,126,57321,137,221Other expense—942,567942,567Total operating expenses(5,955,347)(7,190,292)(166,467,257)Interest income  10,46913,7358,472,115Interest expense(681,439)(271,903)(14,312,078)Change in fair value of warrant liability191,527419,0002,481,454Net loss(6,434,790)(7,029,460)$

(169,825,766)Accretion of redeemable convertible preferred stock to redemption value(3,628,841)—Net loss attributable to common stockholders

$

(10,063,631)$

(7,029,460)Basic and diluted net loss attributable to common stockholders per share

$

(14.33)$

(0.45)Weighted-average shares of common stock outstanding-basic and diluted702,14415,710,671BALANCE SHEET DATA(unaudited)December 31,2010March 31, 2011Cash and cash equivalents$

11,971,660$

31,478,421Total assets24,144,43343,319,854Warrant liability—16,528,000Long-term debt (including current portion)8,601,6675,943,623Total liabilities13,084,51326,929,603Total stockholders' equity11,059,92016,390,251TENGION, INC.
(A Development-Stage Company)RECONCILIATION OF NON-GAAP FINANCIAL MEASURES(unaudited)In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below rec
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SOURCE Tengion, Inc.
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Related biology technology :

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3. Tengion Announces Second Closing of Series C Financing
4. Tengion to Present at the Piper Jaffray 20th Annual Healthcare Conference
5. Tengion Presents New Data Supporting Key Urologic and Kidney Programs at 16th Annual Meeting of the International Society for Cellular Therapy
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