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ADVENTRX Reports Second Quarter 2011 Financial Results
Date:8/8/2011

fficulties or delays in manufacturing material for clinical studies; ADVENTRX's reliance on third parties to assist in the conduct of important aspects of its product candidates' development programs, and that such third parties may fail to perform as expected; the potential for ADVENTRX to raise additional capital to acquire new technologies, product candidates or products and/or to fund development and/or commercialization activities for current and/or future product candidates; the risk that ADVENTRX will pursue acquisition and/or development activities at levels on timelines, or will incur unexpected expenses, that shorten the period through which its operating funds will sustain it; and other risks and uncertainties more fully described in ADVENTRX's press releases and periodic filings with the Securities and Exchange Commission. ADVENTRX's public filings with the Securities and Exchange Commission are available at www.sec.gov.

You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date when made. ADVENTRX does not intend to revise or update any forward-looking statement set forth in this press release to reflect events or circumstances arising after the date hereof, except as may be required by law.

[Tables to Follow]ADVENTRX Pharmaceuticals, Inc.(A Development Stage Enterprise)Condensed Consolidated Statements of Operations(Unaudited)(In 000's except per share data)Three months ended June 30,Six months ended June 30,2011201020112010Total net revenue

$
8212;$
8212;$
8212;$
8212;Operating expenses:Research and development

1,3436341,9541,873Selling, general and administrative

1,8241,3033,3982,478Transaction-related expenses

1,230—2,029—Depreciation and amortization

1062012Total operating expenses

4,4071,9437,4014,363Loss from operations

(4,407)(1,943)(7,401)(4,363)Interest and other income


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SOURCE ADVENTRX Pharmaceuticals, Inc.
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