Poniard Pharmaceuticals Reports Fourth Quarter and Year End 2008 Financial Results and Provides a Corpor...(23373 General and administrative ...),Health

Date:3/16/2009

23,373 General and administrative 3,154 3,501 14,443 12,085 Realized gain on equipment disposal - (105) - (105) Asset impairment - - - - --- --- --- --- Total operating expenses 13,357 10,407 49,157 35,353 ------ ------ ------ ------ Loss from operations (13,357) (10,407) (49,157) (35,353) ------- ------- ------- ------- Other income (expense), net (585) 841 592 2,571 ---- --- --- ----- Net loss (13,942) (9,566) (48,565) (32,782) Preferred stock dividends (125) (125) (500) (500) ---- ---- ---- ---- Loss applicable to common shares $(14,067) $(9,691) $(49,065) $(33,282) ======== ======= ======== ======== Loss per share: Basic and diluted $(0.41) $(0.28) $(1.41) $(1.08) ====== ====== ====== ====== Shares used in calculation of loss per share: Basic and diluted 34,688 34,660 34,686 30,762 ====== ====== ====== ====== Condensed Consolidated Balance Sheets (In thousands) (Unaudited) December 31, 2008 December 31, 2007 ----------------- ----------------- ASSETS: Cash and investment securities $72,755 $92,621 Cash - restricted
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SOURCE Poniard Pharmaceuticals, Inc. Copyright©2009 PR Newswire. All rights reserved

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