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EntreMed Reports First Quarter 2009 Financial Results
Date:5/6/2009

set forth in Securities and Exchange Commission filings under "Risk Factors," including risks relating to the need for additional capital and the uncertainty of additional funding; variations in actual sales of Thalomid(R), risks associated with the Company's product candidates; the early-stage products under development; results in preclinical models are not necessarily indicative of clinical results, uncertainties relating to preclinical and clinical trials; success in the clinical development of any products; dependence on third parties; future capital needs; and risks relating to the commercialization, if any, of the Company's proposed products (such as marketing, safety, regulatory, patent, product liability, supply, competition and other risks).

                                       ENTREMED, INC.
                               SUMMARY OF OPERATING RESULTS

                                    Three Months Ended
                                        March 31,
                                                     2009              2008

    Total revenues                           $           0      $           0

    Research and development                 $   1,953,460      $   6,187,203

    General and administrative               $   1,159,721      $   1,982,994

    Net Loss                                 $  (3,516,755)     $  (8,346,456)

    Net loss per share attributable to
    common shareholders (basic and diluted)  $       (0.04)     $       (0.10)

    Weighted average number of
    shares outstanding (basic and diluted)       87,728,644        84,898,912

    Cash and Short-term Investments            $ 20,826,910      $ 43,643,620

    CONTACT:
    Ginny Dunn
    EntreMed, Inc.
    Associate Director
    Corporate Communications &
    Investor Relations
    (240) 864-2643


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SOURCE EntreMed, Inc.
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