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

Fourth Quarter Reported Results

For the three months ended December 31, 2009, Micromet recognized total revenues of $4.6 million, compared to $5.9 million for the same period in 2008. Total operating expenses were $28.3 million for the three months ended December 31, 2009, including one-time charges of $6.5 million relating to the acquisition of blinatumomab North American rights, $2.8 million for the purchase of blinatumomab clinical trial material and $4.0 million to settle Curis claims and terminate any future payment obligations under the original Curis agreements.  This compares to $12.4 million in total operating expenses for the same period in 2008.

Loss from operations for the three months ended December 31, 2009 was $23.7 million, compared to a loss from operations of $6.5 million for the same period in 2008.  For the three months ended December 31, 2009, Micromet reported a net loss of $23.5 million, or $0.34 per basic and diluted common share, compared to a net loss of $5.9 million, or $0.12 per basic and diluted
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