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Coronado Biosciences Reports Third Quarter 2011 Financial Results

d or outstanding.

21,614—Stockholders’ Deficit:Common Stock, $.001 par value, 50,000,000 shares authorized, 7,028,059 shares issued and outstanding as of September 30, 2011; 4,791,102 shares issued and outstanding as of December 31, 2010;

75Additional paid-in capital

5,2064,312Deficit accumulated during the development stage

(49,855)(20,214)Total Stockholders’ Deficit

(44,642)(15,897)Total Liabilities, Convertible Preferred Stock and Stockholders’ Deficit

$26,806$14,939CORONADO BIOSCIENCES, INC. AND SUBSIDIARY(A development stage enterprise)Condensed Consolidated Statements of Operations($ in thousands expect per share amounts)(Unaudited)For the three months endedFor the nine months endedSeptember 30, September 30, 2011


2010Operating expenses:Research and development



$6,341General and administrative



510In-process research and development


—Loss from operations



(6,851)Interest income



32Interest expense, net



(1,535)Warrant income



—Net loss



($8,354)Common Stock dividend to Series A Convertible Preferred Stockholders


—Net loss attributed to Common Stock



($8,354)Basic and diluted net loss per common share



($1.92)Weighted average common shares outstanding—basic and diluted



4,349,345Contact Information:Investor Relations

Noah D. Beerman, Executive Vice President & Chief Operating Officer
Coronado Biosciences, Inc.
781-238-6619; '/>"/>

SOURCE Coronado Biosciences, Inc.
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