Navigation Links
Medarex Announces 2008 Fourth Quarter and Year End Financial Results
Date:2/25/2009

ximately $10.6 million of non-cash stock-based compensation expense recorded in accordance with FAS 123(R) and approximately $1.5 million related to Celldex.

General and administrative (G&A) expenses for the year ended December 31, 2008, decreased by $2.5 million from $46.9 million in 2007 to $44.4 million in 2008. Included in G&A expense for the year ended December 31, 2008, is approximately $11.5 million of non-cash stock-based compensation expense recorded in accordance with FAS 123(R) and approximately $1.7 million related to Celldex .

Medarex ended 2008 with approximately $353.7 million in cash, cash equivalents and marketable securities. In addition, as of December 31, 2008, the fair market value of Medarex's equity interests in Genmab and Celldex were approximately $87.4 million and approximately $39.3 million, respectively.

For the three-month period ended December 31, 2008, Medarex reported a net loss of $43.0 million, or ($0.33) per share. This compares to a net loss of $44.8 million, or ($0.35) per share, for the three-month period ended December 31, 2007. Included in the consolidated net loss for the three-month period ended December 31, 2008, is a non-cash equity loss of $1.9 million, or ($0.01) per share, representing Medarex's share of the net loss of Celldex for the period; a non-cash charge of $5.4 million, or ($0.04) per share, for stock-based compensation expense recorded in accordance with FAS 123(R); and a non-cash impairment charge of $5.3 million, or ($0.04) per share, related to a write-down of Medarex's investment in three of its corporate partners. Excluding the impact of these items, Medarex's net loss on a non-GAAP basis for the three-month period ended December 31, 2008, was $30.4 million, or ($0.24) per share.

During 2008, Medarex's cash burn rate was $12.2 million per month, or approximately $146 million for the full year. Medarex currently expects its cash
'/>"/>

SOURCE Medarex, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. Ono and Medarex Announce Allowance of Investigational New Drug Application for Fully Human Anti-PD1 Antibody
2. Medarex to Present at the JPMorgan Small/Mid Cap Conference
3. PharmAthene and Medarex Announce Additional $0.8 Million U.S. Government Appropriation for Continued Development of Anthrax Therapeutic Valortim(TM)
4. Medarex to Receive Milestone Payment for Submission of Regulatory Applications Requesting Approval of Ustekinumab (CNTO 1275) for Treatment of Psoriasis
5. Medarex to Present at the Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference
6. Medarex Announces 2007 Fourth Quarter and Year End Financial Results
7. Medarex and Bristol-Myers Squibb Joint Statement on Submission Status of Ipilimumab
8. Medarex Announces 2008 First Quarter Financial Results
9. Medarex Hosts June 2nd Webcast of Ipilimumab Data Presented at ASCO
10. Medarex to Receive Milestone Payment for Approval of STELARA(TM) (Ustekinumab) for the Treatment of Moderate to Severe Plaque Psoriasis
11. Medarex Reviews Recent Highlights and Outlook for 2009
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2015)... 18, 2015 Heritage Woods of McLeansboro, ... Supportive Living Week Celebration on April 20 with a ... healthy mind, body and soul. , The community, which ... serves older adults of all incomes, including those on ... , Supportive Living Week is observed every April and ...
(Date:4/17/2015)... 17, 2015 Alcohol and Violence , ... notes that drinking and driving has been the focus ... same time, the link between alcohol and crime received ... and violence and sexual assault, and their relationship to ... NCADD, 5.3 million adults in America were drinking alcohol ...
(Date:4/17/2015)... San Jose, CA (PRWEB) April 17, 2015 ... of life insurance protection without modifications can now use ... are now general life insurance policy rates that are ... . , The standard plans that are offered are ... for adults aged 18 to 79. There are now ...
(Date:4/17/2015)... (PRWEB) April 17, 2015 Most dental ... dental restoration units are made overseas by foreign dental ... domestic labs remain unregulated in more than 40 states ... National Association of Dental Laboratories has created ... raise awareness among patients about the consequences that could ...
(Date:4/17/2015)... CA (PRWEB) April 17, 2015 The American College ... event and Free Application Day on April 29. The event will ... Pioneer Square, located at 555 DeHaro St. in San Francisco, CA. ... a.m. – Check in at the DeHaro campus (room F), 11:10 ... Tour of campus, Noon – Light lunch with current students, faculty ...
Breaking Medicine News(10 mins):Health News:Heritage Woods of McLeansboro Affordable Assisted Living to Celebrate Supportive Living Week 2Health News:Heritage Woods of McLeansboro Affordable Assisted Living to Celebrate Supportive Living Week 3Health News:Narconon Arrowhead Raises Awareness on Alcohol Related Prevention 2Health News:Narconon Arrowhead Raises Awareness on Alcohol Related Prevention 3Health News:General Life Insurance Policy Rates Added to Quotation System at Insurance Website Online 2Health News:National Association Urges Transparency in Dental Industry 2Health News:American College of Traditional Chinese Medicine Hosts Open House 2
... has launched, dedicated to all aspiring souls with interest ... and wellness//. Founded by a personal fitness trainer turned ... inspired by her own healing process, it became the ... that educates, inspires, nurtures, and stimulates the mind, body, ...
... Thomas Jefferson University Hospital are combining efforts to determine if ... forms of migraine headaches. ,Investigators from the Jefferson ... in a blinded study to determine if closing a Patent ... allow blood to flow between the right and left sides ...
... Easter morning, two casual care support staff members allegedly assaulted ... Porirua//, New Zealand. Earlier another member of ... unit. All three are under suspension. ,Staff and ... under investigation from officials of the Capital and District Health ...
... Drug Administration (FDA) is alerting health care professionals and ... emerging// drug safety information. The broadcasts, commonly known as ... audio players. ,The service is part of ... communications concerning the safety of marketed medications when ...
... with the antiviral drug Tamiflu have the best chances of ... the World Health Organization (WHO) said on Friday. ... of international experts who met last month in Turkey to ... some countries to use steroids as well. ,"Corticosteroid ...
... exposed when thirty poor women of the fishing community, living ... The 1994 Transplant of Human Organ Act ... be allowed to donate kidneys for transplantation. However a recent ... to indicate that several leading hospitals in the state encouraged ...
Cached Medicine News:Health News:Jefferson Researchers Want to Learn If Heart Defect 'at Heart' of Some Migraines 2Health News:Mentally Ill Patients - Victims Of Assault By Their Caregivers 2Health News:FDA Announces Audio Broadcasts on Emerging Drug Safety Information 2Health News:Tamiflu Key to Treat Bird Flu, Avoid Steroids: WHO 2Health News:Kidney Trade: Curbing the Sale 2Health News:Kidney Trade: Curbing the Sale 3
(Date:4/17/2015)... Nonin Medical, a global leader in noninvasive medical monitoring, ... Steve Bucholz will retire May 1. Company founder ... Chief Executive Officer. In addition, Mr. Isaacson will continue ... transition to David Noel , Chief Financial Officer. ... to Nonin Medical,s growth," Mr. Isaacson said. "Under Steve,s ...
(Date:4/17/2015)... Apr. 17, 2015 Research and Markets ... of the "Medical Device Outsourcing - Global ... This report analyzes the worldwide markets ... the following Device Categories: Class I, Class II, ... in the report Include - Radiology, Orthopedic, Neurology, ...
(Date:4/17/2015)... , Apr. 17, 2015 Research and Markets ... the "Medical Equipment Rental and Leasing - Global ... This report analyzes the worldwide markets for Medical ... provides separate comprehensive analytics for the US, ... Rest of World. Annual estimates and forecasts ...
Breaking Medicine Technology:Nonin Medical's Philip Isaacson Expands CEO Role; President and COO Steve Bucholz to Retire May 1 2Medical Device Outsourcing (Radiology, Orthopedic, Neurology, Cardiology, and Others) Market 2015 - Global Strategic Business Report 2Medical Device Outsourcing (Radiology, Orthopedic, Neurology, Cardiology, and Others) Market 2015 - Global Strategic Business Report 3Medical Equipment Rental and Leasing Market 2015-2020 - Global Strategic Business Report - Healthcare Spending Slowdown Bodes Well for Medical Equipment Leasing 2
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: