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Inovio Pharmaceuticals Reports 2011 Third Quarter Financial Results
Date:11/7/2011

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, 858-410-3101
Media:
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

5,763,535

1,846,271Accounts receivable

426,948

32,887Accounts receivable from affiliated entity

28,246

72,149Prepaid expenses and other current assets

866,027

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

346,262

653,436Total current assets32,733,707

22,877,207Fixed assets, net

288,854

276,795Intangible assets, net

9,773,176

11,180,002Goodwill

10,113,371

10,113,371Investment in affiliated entity

9,911,949

11,360,888Common stock warrants

237,000

—Other assets

208,262

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

606,755

1,680,947Accrued clinical trial expenses

817,598

178,328Common stock warrants

4,520,716

370,926Deferred revenue

72,211

420,897Deferred revenue from affiliated entity

401,042

375,000Total current liabilities9,703,601


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SOURCE Inovio Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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