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EntreMed Reports Second Quarter 2010 Financial Results
Date:8/16/2010

(Financial Table Attached)ENTREMED, INC.SUMMARY OF OPERATING RESULTS(Unaudited)Three Months Ended June 30,2010

2009Total revenues

$0

$0Research and development

1,011,128

1,659,474General and administrative

770,679

1,010,733Acquired in-process research and development

3,000,000

0Net loss

(4,944,586)

(3,051,193)Net loss per share (basic and diluted)

$(0.62)

$(0.46)attributable to common shareholders*Weighted average number of shares outstanding

8,325,539

7,180,400(basic and diluted)*Six Months Ended June 30,2010

2009Total revenues

$0

$0Research and development

1,855,081

3,612,934General and administrative

1,821,904

2,170,454Acquired in-process research and development

3,000,000

0Net loss

(7,070,730)

(6,567,948)Net loss per share (basic and diluted)

$(0.95)

$(0.98)attributable to common shareholders*Weighted average number of shares outstanding

7,989,424

7,180,400(basic and diluted)*Cash and short-term investments

$8,042,941

$15,154,973*All share and per-share information included in the table above has been restated to reflect retrospective application of the 1-for-11 reverse stock split affected on July 1, 2010.Contact:Ginny DunnAssociate DirectorCorporate Communications & Investor Relations240-864-2643
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SOURCE EntreMed, Inc.
Copyright©2010 PR Newswire.
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