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Tengion Provides Business Update and Reports Third Quarter 2012 Financial Results
Date:11/13/2012

g others: (i) the Company will need to raise additional funds through collaborative arrangements or the issuance of additional equity to execute the business plan beyond June 2013; (ii) patients enrolled in the Neo-Urinary Conduit clinical trial may experience adverse events, which could delay the clinical trial or cause the Company to terminate the development of its Neo-Urinary Conduit; (iii) the Company may have difficulty enrolling patients in its clinical trials, including the Phase 1 clinical trial for the Neo-Urinary Conduit; (iv) data from the Company's ongoing preclinical studies, including the proposed GLP program for the Neo-Kidney Augment, may not continue to be supportive of advancing such preclinical product candidates; and (v) the Company may be unable to progress its product candidates that are undergoing preclinical testing, including the Neo Kidney Augment, into clinical trials and the Company may not be successful in designing such clinical trials in a manner that supports development of such product candidates.  For additional factors which could cause actual results to differ from expectations, reference is made to the 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)Statements of Operations
(in thousands, except per share data)
(unaudited)Period fromJuly 10, 2003 (inception) throughSeptember 30, 2012Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2011201220112012Revenue$

—$

—$

—$

—$

—Operating expenses:Research and development$

2,837$

2,438$

9,579$

7,921$

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SOURCE Tengion, Inc.
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