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Micromet Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/4/2010

aterially from any future results expressed or implied by any forward-looking statements include the risk that blinatumomab or our other product candidates do not demonstrate safety and/or efficacy in future clinical trials, delays in development and testing,  including the risk that we will not obtain approval to market blinatumomab, and the risks associated with reliance on outside financing to meet capital requirements. These factors and others are more fully discussed in Micromet's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2009, filed with the SEC on November 6, 2009, as well as other filings by the company with the SEC.

    
    
                                Micromet, Inc.
                    Condensed Consolidated Balance Sheets
                       (In thousands, except par value)
    
                                             December 31,   December 31,
                                                 2009           2008
                                             ------------   ------------
    Assets
    Current assets:
        Cash and cash equivalents                $113,434        $46,168
        Short-term investments                      4,169              -
        Accounts receivable                           464          3,424
        Prepaid expenses and other current
         assets                                     2,156          1,950
                                                    -----          -----
    Total current assets                          120,223         51,542
    Property and equipment, net                     3,959          3,322
    Goodwill                                        6,462          6,462
    Patents, net                                    1,016          5,250
    Deposits and other assets                           -            959
    Restricted cash                                 3,153         
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SOURCE Micromet, Inc.
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