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Inovio Pharmaceuticals Reports 2011 Third Quarter Financial Results

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.

Investors:   Bernie Hertel, Inovio Pharmaceuticals, 858-410-3101
Jeff Richardson, Richardson & Associates, 805-491-8313INOVIO PHARMACEUTICALS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30,
2011December 31,
2010(Unaudited)ASSETSCurrent assets:Cash and cash equivalents

$  25,302,689

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


1,846,271Accounts receivable


32,887Accounts receivable from affiliated entity


72,149Prepaid expenses and other current assets


273,975Prepaid expenses and other current assets from affiliated entity


653,436Total current assets32,733,707

22,877,207Fixed assets, net


276,795Intangible assets, net




10,113,371Investment in affiliated entity


11,360,888Common stock warrants


—Other assets


259,128Total assets$  63,266,319

$  56,067,391LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued expenses

$  3,285,279

$  3,410,610Accounts payable and accrued expenses due to affiliated entity


1,680,947Accrued clinical trial expenses


178,328Common stock warrants


370,926Deferred revenue


420,897Deferred revenue from affiliated entity


375,000Total current liabilities9,703,601


SOURCE Inovio Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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