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Neurologix Announces First Quarter 2011 Financial Results

unts in thousands, except share and per share amounts)Three Months Ended
March  31,

For the period
February 12, 1999
(inception) through
March 31, 20112011




-Operating expenses:Research and development



34,723General and administrative expenses



23,044Loss from operations



(57,767)Other (expense) income:Dividend, interest and other income



1,885Interest expense – related parties



(2,234)Change in estimated fair value of derivative financial instruments – warrants



(1,892)  Other (expense) income, net



(2,241)Net loss



$(60,008)Preferred stock dividends


(771)Net loss applicable to common stock


$(4,268)Net loss applicable to common stock per share, basic and diluted


$(0.15)Weighted average common shares outstanding, basic and diluted



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

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