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Sangamo BioSciences Reports First Quarter 2013 Financial Results
Date:5/8/2013

e statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, the early stage of ZFP Therapeutic development, uncertainties related to the timing of initiation and completion of clinical trials, whether clinical trial results will validate and support the safety and efficacy of ZFP Therapeutics, and the ability to establish strategic partnerships.  Further, there can be no assurance that the necessary regulatory approvals will be obtained or that Sangamo will be able to develop commercially viable gene based therapeutics. Actual results may differ from those projected in forward-looking statements due to risks and uncertainties that exist in the company's operations and business environments. These risks and uncertainties are described more fully in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and will not be updated.SELECTED CONSOLIDATED FINANCIAL DATA(in thousands, except per share data)(unaudited)Statement of Operations Data: Three Months Ended March 31, 20132012Revenues:  Collaboration agreements

$
4,083$
,663  Research grants

5401,579Total revenues

4,6233,242Operating expenses:Research and development

8,2207,283General and administrative

3,3083,242Total operating expenses

11,52810,525Loss from operations

(6,905)(7,283)Interest and other income, net

2015Net loss

$
(6,885)$
(7,268)Basic and diluted net loss per common share

$
(0.13)$
(0.14)Shares used in computing basic and diluted net loss per

common share53,37752,567March 31, 2013December 31, 2012(Unaudited)Selected Balance Sheet D
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SOURCE Sangamo BioSciences, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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