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Echo Therapeutics Announces First Quarter 2012 Financial Results
Date:5/11/2012

in permeation platform technologies, including the Symphony tCGM and Prelude SkinPrep Systems, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to its Symphony tCGM and Prelude SkinPrep Systems. These and other risks and uncertainties are identified and described in more detail in Echo's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2011, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. Echo undertakes no obligation to publicly update or revise any forward-looking statements.

For More Information:
Christine H. Olimpio
Director, Investor Relations and Corporate Communications
(215) 717-4104

Connect With Us:
- Visit our website at www.echotx.com 
- Follow us on Twitter at www.twitter.com/echotx 
- Join us on Facebook at www.facebook.com/echotx Echo Therapeutics, Inc.Condensed Consolidated Balance Sheets   March 31,2012December 31,2011ASSETSCurrent Assets:Cash and cash equivalents

$
5,910,213$
8,995,571Cash restricted pursuant to vendor letter of credit

250,000250,000Other current assets

317,624317,940Total current assets

6,477,8379,563,511Net property and equipment (including assets under capitalized leases

370,549317,731Intangible assets, net of accumulated amortization

9,625,0009,625,000Restricted cash, deposits and other assets

10,81620,565Total assets

$
,484,202$
9,526,807LIABILITIES AND STOCKHOLDERS' EQUITYCur
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SOURCE Echo Therapeutics, Inc.
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