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ADVENTRX Pharmaceuticals Reports Second Quarter 2008 Financial Results and Business Update
Date:8/11/2008

,816

Depreciation and

amortization 44 53 91 105

Total operating

expenses 7,191 6,299 13,424 12,545

Loss from operations (6,691) (6,299) (12,924) (12,045)

Interest income 266 576 565 1,198

Loss before income

taxes (6,425) (5,723) (12,359) (10,847)

Provision for

income taxes - - - -

Net loss $(6,425) $(5,723) $(12,359) $(10,847)

Net loss per share

-- basic and diluted $(0.07) $ (0.06) $ (0.14) $ (0.12)

Weighted average

shares -- basic and

diluted 90,253 89,707 90,253 89,692

Balance Sheet Data:

June 30, December 31,

2008 2007

(unaudited) (audited)

Total cash, cash equivalents and

investments in securities $22,070 $ 33,463

Net working capital 19,314 30,658

Total assets 23,158 34,542

Total liabilities 3,492 3,507

Stockholders' equity 19,666 31,035


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SOURCE ADVENTRX Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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