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ADVENTRX Pharmaceuticals, Inc. Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/16/2010

Selling, general and administrative (SG&A) expenses for the fourth quarter of 2009 were $1.3 million, a decrease of $1.4 million, or 53%, compared to $2.6 million for the same period in 2008.  The decrease primarily was due to a $0.5 million decrease in personnel costs, a $0.5 million decrease in severance expenses, a $0.4 million decrease in legal and professional services, a $0.3 million decrease in consulting expenses, and a $0.1 million decrease in insurance expenses, offset in part by a $0.5 million increase in year-end bonus accrual.  

Full-Year 2009 Operating Results

ADVENTRX's net loss applicable to common stock for 2009 was $16.2 million, or $0.14 per share, compared to a net loss applicable to common stock of $26.6 million, or $0.30 per share, for 2008.  Included in the net loss applicable to common stock for 2009 was a non-cash deemed dividend expense of $4.9 million  incurred in connection with the Company's June, July, August and October 2009 equity financings. Also included in the net loss applicable to common stock for 2
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SOURCE ADVENTRX Pharmaceuticals, Inc.
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