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Tengion Provides Business Update and Reports Third Quarter 2011 Financial Results
Date:11/14/2011

se of $0.7 million primarily due to a decrease in compensation related expenses due to lower headcount and a decrease in depreciation expense of $0.5 million due a change in the estimated useful life of our leasehold improvements associated with our laboratory space in Winston-Salem, North Carolina.  The adjusted net loss per basic and diluted common share for the third quarter ended September 30, 2011 was significantly affected by the issuance of common stock in connection with the equity financing completed in March 2011.

As of September 30, 2011, the Company held $20.3 million in cash, cash equivalents, and short-term investments.  

Conference Call and WebcastThe Company will host a conference call today, November 14, 2011, at 5:00 p.m. ET to provide a business update and discuss the Company's third quarter 2011 financial results.  

The call can be accessed by dialing 1-800-299-0148 (domestic) or 1-617-801-9711 (international) five minutes prior to the start time and providing the access code 45190334.  The presentation will also be available by live webcast and can be accessed by visiting the Investors section of the Company's website at http://www.tengion.com or http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=218965&eventID=4234367.

A replay of the call will be available on the Tengion website approximately two hours after completion of the call and will be archived.

About TengionTengion, a clinical-stage biotechnology company, has pioneered the Organ Regeneration Platform™ that enables the Company to create proprietary product candidates that are intended to harness the intrinsic regenerative pathways of the body to produce a range of native-like organs and tissues. Tengion's product candidates seek to eliminate the need to u
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SOURCE Tengion, Inc.
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