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

common share, for the same period in 2008.  The net loss for the three months ended December 31, 2009 includes a non-cash gain of $0.2 million, reflecting a decrease during the quarter in the fair value of outstanding warrants, compared to a $0.4 million non-cash gain for this item in the three months ended December 31, 2008.

Full Year Reported Results

For the year ended December 31, 2009, Micromet recognized total revenues of $21.0 million, compared to $27.3 million for 2008. Total operating expenses were $70.4 million for the year 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, $4.0 million to settle Curis' claims and terminate any future payment obligations under the original Curis agreements, and a one-time non-cash patent impairment charge of $2.6 million. This compares to $53.4 million in total operating expenses for 2008.


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