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

elopment of that product candidate; (v) data from the Company's ongoing preclinical studies will continue to be supportive of advancing its preclinical product candidates; and (vi) the Company will be able to progress its product candidates that are undergoing preclinical testing, including the Neo-Kidney Augment, into clinical trials.  For additional factors which could cause actual results to differ from expectations, reference is made to the reports filed by the Company with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.  The forward looking statements in this release are made only as of the date hereof and the company disclaims any intention or responsibility for updating predictions or expectations in this release. TENGION, INC.(A Development-Stage Company)Statements of Operations(unaudited)Period fromJuly 10, 2003(inception)throughThree Months Ended September 30,Nine Months Ended September 30,September 30,20092010200920102010Operating expenses:Research and development

$
3,703,163$
3,542,858

$
4,459,645$
,112,216$   101,820,964General and administrative

1,432,6871,501,719

4,499,3954,384,14133,054,213Depreciation

1,233,6211,214,613

3,701,6893,660,25118,808,990Total operating expenses

(6,369,471)(6,259,190)

(22,660,729)(18,156,608)(153,684,167)Interest income

29,22219,522

190,03147,2068,443,433Interest expense

(869,046)(475,775)

(2,703,965)(1,737,339)(13,672,970)Change in fair value of preferred stock warrants

1,745,155–

1,863,918191,5272,062,453Net loss

$   (5,464,140)$
(6,715,443)

$
(23,310,745)$
(19,655,214)$ (156,851,251)Accretion of redeemable convertible preferred stock to redemption value

(3,580,659)–

(10,358,384)(3,992,589)Net loss attributable to common stockholders

$   (9,044,799)$
(6,715,443)

$
(33,6
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SOURCE Tengion, Inc.
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