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Sangamo BioSciences Reports Fourth Quarter And Full Year 2012 Financial Results

d cause actual results to differ include, but are not limited to, the early stage of ZFP Therapeutic development, the lengthy and uncertain regulatory approval process, 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 and its partners 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 Sangamo's operations and business environments. These risks and uncertainties are described more fully in Sangamo'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 Sangamo undertakes no duty to update such information except as required under applicable law.SELECTED CONSOLIDATED FINANCIAL DATA(in thousands, except per share data)(unaudited) Three Months Ended Twelve Months Ended December 31,  December 31, 2012201120122011Statement of Operations Data:Revenues:Collaboration agreements

3,234$  18,186$
,110Research grants

4111,5143,4694,209Total revenues

8,9314,74821,65510,319Operating expenses:Research and development

9,2817,87831,70932,098General and administrative

3,0193,23512,14414,042Total operating expenses

12,30011,11343,85346,140Loss from operations

(3,369)(6,365)(22,198)(35,821)Interest and other income (expense), net

(109)6(66)71Net loss

(6,359)$(22,264)$(35,750)Basic and diluted net loss per common share


SOURCE Sangamo BioSciences, Inc.
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