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

placed on clinical hold by the Food and Drug Administration, or FDA; (iv) patients enrolled in the Company's Neo-Urinary Conduit clinical trial will not experience additional adverse events, which could delay clinical trials or cause the Company to terminate the development of the Neo-Urinary Conduit; (v) the results of the clinical trial for the Neo-Urinary Conduit will support further development of that product candidate; (vi) data from the Company's ongoing preclinical studies will continue to be supportive of advancing its preclinical product candidates; and (vii) the Company will be able to progress its product candidates that are undergoing preclinical testing, including the Neo-Kidney Augment, into clinical trials and (viii) the Company will be able to obtain the capital it needs to develop its product candidates and continue its operations. 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)CONDENSED STATEMENTS OF OPERATIONS(unaudited)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,Period fromJuly 10,2003(inception)throughSeptember30, 20112010201120102011Operating expenses:Research and development$

3,543$

2,837$

10,112$

9,579$

114,143General and administrative1,5021,3834,3845,19739,899Depreciation1,2157183,6612,81622,827Other expense—26—995995Total operating expenses(6,260)(4,964)(18,157)(18,587)(177,864)Interest income201247398,498Interest expense(476)(193)(1,737)(666)(14,706)Change in fair value of warrant liability—4,18519214,12316,185Net loss $

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SOURCE Tengion, Inc.
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1. Tengion Appoints Scott Flora to Board of Directors
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3. Tengion Provides Update on Neo-Urinary Conduit Clinical Trial
4. Tengion Announces FDA Orphan-Drug Designation for Neo-Urinary Conduit
5. Tengion Presents New Data in Nine Posters and Two Oral Presentations at TERMIS North America Annual Meeting
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11. Tengion Appoints Sunita B. Sheth, M.D., Chief Medical Officer
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