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Tengion Provides Business Update and Reports Third Quarter 2012 Financial Results

778General and administrative1,3831,1985,1974,01745,910Depreciation7181062,81635723,509Impairment of property and equipment————7,371Other expense26389951301,835Total operating expenses4,9643,78018,58712,425204,403Loss from operations(4,964)(3,780)(18,587)(12,425)(204,403)Interest income12139128,524Interest expense(193)(469)(666)(794)(15,683)Change in fair value of warrant liability4,185(324)14,12336716,865Net loss$





(194,697)Basic and diluted net loss attributable to common stockholders per share$




(5.41)Shares used in computing basic and diluted net loss attributable to common stockholders:Basic and diluted2,3542,4502,0942,371 

(A Development-Stage Company)BALANCE SHEET DATA
(in thousands)
(unaudited) December 31,2011September 30, 2012Cash and cash equivalents$


1,374Short-term investments6,066—Total assets17,8173,894Warrant liability2,5112,144Total debt (including current portion)4,9874,852Total liabilities12,80211,286Total stockholders' equity (deficit)5,015(7,392)TENGION, INC.
(in thousands, except per share data)
(unaudited)In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below reconciles certain financial measures used in this press release that were not calculated in accordance with generally accepted accounting principles, or GAAP, with the most directly comparable financial measure calculated in accordance with GAAP. Three Months Ended September 30,Nine Months Ended

September 30,2011201220112012

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

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