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Inovio Pharmaceuticals Reports 2011 Second Quarter Financial Results
Date:8/8/2011

n 2010. The increase was primarily due to higher clinical trial costs related to multiple clinical studies, including the initiation of the Phase II study of Inovio's cervical dysplasia/cancer DNA vaccine, VGX-3100, as well as higher costs related to work performed for the NIAID HIV contract.

Net Loss Attributable to Common Stockholders The $4.8 million and $4.7 million decrease in net loss attributable to common stockholders for the three and six months ended June 30, 2011, respectively, compared with the same periods in 2010, resulted primarily from the increase in grant revenue and increase in other income from the required quarterly revaluation of registered common stock warrants, offset by the increase in research and development as well as general and administrative expenses.

Capital Resources As of June 30, 2011, cash and cash equivalents plus short-term investments in certificates of deposit were $36.4 million, compared with $21.8 million as of December 31, 2010. This change primarily resulted from the January 2011 financing, from which the Company received net proceeds of approximately $23.0 million.

Based on management's projections and analysis, the Company believes that its cash and cash equivalents are sufficient to meet its planned working capital requirements through the third quarter of 2013.

A summary of Inovio's consolidated balance sheet and statement of operations is provided at the end of this release. The Form 10-Q providing the complete 2011 second quarter financial report can be found at: http://ir.inovio.com/secfilings.

Corporate UpdateCorporate DevelopmentDuring the first quarter of 2011, Inovio announced a three-way collaboration agreement with Transgene S.A. and ChronTech Pharma AB to evaluate a novel therapeutic
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SOURCE Inovio Pharmaceuticals, Inc.
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