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Cell Therapeutics Decreases Net Loss for Nine Month Period in 2009 Compared to Same Period in 2008 by 45%
Date:11/5/2009

----- Operating expenses, net: Cost of product sold - 692 - 2,349 Research and development 7,602 11,326 22,878 43,038 Selling, general and administrative 19,667 7,834 38,997 30,562 Amortization of purchased intangibles - 606 - 1,540 Restructuring charges and related gain on sale of assets, net (178) - 3,766 - Gain on sale of investment in joint venture - - (10,244) - --- --- ------- --- Total operating expenses, net 27,091 20,458 55,397 77,489 ------ ------ ------ ------ Loss from operations (27,071) (17,858) (55,337) (68,605) Other income (expense): Investment and other income, net 26 146 97 499 Interest expense (826) (2,575) (4,026) (6,955) Amortization of debt discount and issuance costs (227) (11,113) (5,575) (52,259) Foreign exchange gain 183 3,070 278 909 Make-whole interest expense - (19,135) (6,345) (52,512) Gain on derivative liabilities, net - 12,915 7,218 56,092 Gain (loss) on exchange of convertible notes 180 (10,272) 7,381 (15,880) Equity loss from investment in joint venture - - (1,204) - Milestone modification expense (6,000) - (6,000) - Settlement expense, net (1,342) (799) (4,710)
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SOURCE Cell Therapeutics, Inc.
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