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Advanced Life Sciences Announces First Quarter 2009 Financial Results and Financial Outlook
Date:5/12/2009

Food and Drug Administration (FDA) that the agency's Anti-Infective Drugs Advisory Committee (AIDAC) is scheduled to meet on June 2, 2009, and will discuss the New Drug Application (NDA) for cethromycin, a new once-a-day oral antibiotic for the outpatient treatment of adults with mild-to-moderate community acquired pneumonia (CAP);
  • Notified by the U.S. Department of Defense that it would exercise its option to award the Company $2.0 million under the previously announced contract to further study cethromycin as a potential broad-spectrum medical countermeasure;
  • Presented a poster titled, "Pro-apoptotic Screening of Novel Aza Triterpenoids through Structure-Activity Relationship Investigation," at the 237th American Chemical Society meeting in Salt Lake City, UT; and
  • Provided a corporate update at the 11th Annual BIO CEO & Investor Conference.

  • Business Outlook for 2009

    • Advance negotiations with prospective U.S. and E.U. partners for the commercialization of cethromycin;
    • Support the regulatory process associated with the FDA's review of the cethromycin NDA and plan for ex-U.S. regulatory filings;
    • Under the DOD contract, continue studies of cethromycin as a broad spectrum medical countermeasure; and
    • Continue preparing for commercial launch of cethromycin.

    Financial Outlook

    To fund ongoing operations in 2009, the Company intends to raise additional capital through commercial partnerships and/or the sale of equity.

    Conference Call Details

    Advanced Life Sciences will host a conference call and live webcast at 10:00 a.m. Eastern Time on Tuesday, May 12, 2009 to discuss the company's first quarter financial results.

    The conference c
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    SOURCE Advanced Life Sciences Holdings, Inc.
    Copyright©2009 PR Newswire.
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