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

,868,054 91,515,170 Contracted research and development- related party - - 7,980,299 Selling, general and administrative 1,508,953 1,726,366 28,557,590 --------- --------- ---------- Total expenses 2,443,722 3,594,420 128,053,059 --------- --------- ----------- Loss from operations (2,032,237) (3,594,420) (125,158,755) Net other (income) expense: Interest income (1,732) (156,641) (2,950,594) Interest expense 252,718 104,355 3,401,571 Gain on sale of interest in Sarawak Medichem Pharmaceuticals joint venture - - (939,052) --- --- -------- Net other (income) expense 250,986 (52,286) (488,075) ------- ------- -------- Net loss (2,283,223) (3,542,134) (124,670,680) ---------- ---------- ------------ Less net loss attributable to the noncontrolling interest in subsidiary - - - --- --- --- Net loss attributable to Advanced Life Sciences Holdings, Inc. (2,283,223) (3,542,134) (124,670,680) ---------- ---------- ------------ Less accumulated preferred stock dividends of subsidiary for the period 43,750 43,750 1,713,542 ------ ------ ---------
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SOURCE Advanced Life Sciences Holdings, Inc.
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