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

rs hope to develop, evaluation of potential opportunities, issues involving product liability, issues involving patents and whether they or licenses to them will provide the company with meaningful protection from others using the covered technologies, whether such proprietary rights are enforceable or defensible or infringe or allegedly infringe on rights of others or can withstand claims of invalidity and whether the company can finance or devote other significant resources that may be necessary to prosecute, protect or defend them, the level of corporate expenditures, assessments of the company's technology by potential corporate or other partners or collaborators, capital market conditions, our ability to successfully integrate Inovio and VGX Pharmaceuticals, the impact of government healthcare proposals and other factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2010, our Form 10-Q for the three months ended March 31, 2011, and other regulatory filings from time to time. There can be no assurance that any product in Inovio's pipeline will be successfully developed or manufactured, that final results of clinical studies will be supportive of regulatory approvals required to market licensed products, or that any of the forward-looking information provided herein will be proven accurate.CONTACTS:Investors:

Bernie Hertel, Inovio Pharmaceuticals, 858-410-3101Media:

Jeff Richardson, Richardson & Associates, 805-491-8313Inovio Pharmaceuticals, Inc.CONDENSED CONSOLIDATED BALANCE SHEETSJune 30,
2011  

December 31,
2010  (Unaudited)ASSETSCurrent assets:Cash and cash equivalents

$  30,594,293

$  19,998,489Short-term investments — certificates of deposit

5,759,716

1,846,271Accounts receivable347,819

32,887Accounts receivable from affiliated entity90,421

72,149Prepaid expenses and other
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SOURCE Inovio Pharmaceuticals, Inc.
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