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Tengion Provides Business Update and Reports Third Quarter 2010 Financial Results
Date:11/1/2010

EAST NORRITON, Pa., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Tengion, Inc. (Nasdaq: TNGN) today provided a business update and reported its financial results for the third quarter ended September 30, 2010.

"We recently achieved a major milestone with the implantation of our Neo-Urinary Conduit in the first bladder cancer patient. We and our investigators believe that this first successful implant will facilitate future enrollment," stated Steven Nichtberger, M.D., Tengion President and CEO.  "We are also making significant progress in our kidney program.  Our scientists have now published or presented consistently positive data demonstrating stabilization and preservation of kidney function in four different animal models of kidney failure, including early data from a large animal model of chronic kidney disease.  We look forward to presenting additional data at scientific sessions next month."

Neo-Urinary Conduit Bladder Cancer Trial - Clinical UpdateThe Company's Neo-Urinary Conduit was recently implanted in the first patient as part of the ongoing initial clinical trial evaluating the Company's lead product candidate in bladder cancer patients requiring a urinary diversion following bladder removal.

The implantation of the first patient with the Neo-Urinary Conduit demonstrates the Company's ability to successfully procure an appropriate fat biopsy, ship the biopsy, isolate and expand selective regenerative cells to manufacture the Neo-Urinary Conduit, release the final product within quality control specifications, ship the final product to the hospital and have the Neo-Urinary Conduit implanted using the intended surgical procedure.

Neo-Kidney Augment Program UpdateThe Neo-Kidney Augment is the Company's lead preclinical program and is intended to prevent or delay the need for dialysis or kidney transplant by increasing functional
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SOURCE Tengion, Inc.
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