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Telik Announces First Quarter 2013 Financial Results
Date:5/10/2013

enditures may increase; if Telik is delisted from the Nasdaq Capital Market, its ability to raise additional financing and the liquidity of its common stock could be adversely affected. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in Telik's periodic filings with the Securities and Exchange Commission, including factors described in the section entitled "Risk Factors" in its annual report on Form 10-K for the year ended December 31, 2012.  Telik does not undertake any obligation to update forward-looking statements contained in this press release.

TELIK, the Telik logo, TELINTRA, TELCYTA and TRAP are trademarks or registered trademarks of Telik, Inc.Telik, Inc.Statements of Operations(In thousands, except per share amounts)(Unaudited)Three Months Ended March 31,20132012Operating costs and expenses:Research and development 

$
786$
989General and administrative 

1,1601,289Total operating costs and expenses

1,9462,278Loss from operations

(1,946)(2,278)Interest and other income (expense), net

91Net loss

$
(1,937)$
(2,277)Basic and diluted net loss per share

$
(0.46)$
(1.25)Weighted average shares used to calculate basic and diluted net loss per share*

4,1991,816Selected Balance Sheet Data(in thousands)(unaudited)March 31,December 31,20132012Cash, cash equivalents, investments and restricted investments

$
5,617$
4,997Total assets

6,2075,628Stockholders' equity

4,8353,062 

 


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SOURCE Telik, Inc.
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