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Telik Announces Fourth Quarter And 2012 Year End Financial Results And 2013 Financial Guidance
Date:3/15/2013

ive arrangements to advance its programs, the rate of product development will be delayed and expenditures 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 these and other 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 the 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 Twelve Months EndedDecember 31,December 31,2012201120122011Operating costs and expenses:Research and development 

$
736$   1,102$ 3,524$   5,566General and administrative 

1,0321,4014,4556,491Total operating costs and expenses

1,7682,5037,97912,057Loss from operations

(1,768)(2,503)(7,979)(12,057)Interest and other income (expense), net

24835Net loss

$(1,766)$  (2,499)$(7,971)$(12,022)Basic and diluted net loss per share*

$  (0.66)$
(1.38)$  (3.64)$
(6.69)Weighted average shares used to calculate basic and diluted net loss per share*2,6871,8052,1881,798*  Adjusted for the 1-for-30 reverse split of the company's common stock effected on March 30, 2012Selected Balance Sheet Data(In thousands)(Unaudited)December 31,December 31,20122011Cash, cash equivalents, investments and restricted investments

$ 4,997$ 11,700Total assets

5,62812,4
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SOURCE Telik, Inc.
Copyright©2012 PR Newswire.
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