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Vermillion Reports Results for Third Quarter 2011

ties to commercialize its future products; (6) uncertainty whether the trading in Vermillion's stock will become significantly less liquid or more volatile; and (7) other factors that might be described from time to time in Vermillion's filings with the Securities and Exchange Commission. All information in this press release is as of the date of this report, and Vermillion expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Vermillion's expectations or any change in events, conditions or circumstances on which any such statement is based, unless required by law.

This release should be read in conjunction with the consolidated financial statements and notes thereto included in our most recent reports on Form 10-K and Form 10-Q. Copies are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at, Inc.Consolidated Balance Sheets(Amounts in Thousands, Except Share and Par Value Amounts)(Unaudited)September 30,December 31,20112010AssetsCurrent assets:Cash and cash equivalents

22,914Accounts receivable

114136Prepaid expenses and other current assets

455779Total current assets

27,79723,829Property and equipment, net

237194Other assets

1212Total assets

24,035Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable

998Accrued liabilities

3,2233,056Convertible senior notes

-5,000Deferred revenue

1,0011,049Total current liabilities

6,38610,103Long-term debt owed to related party

7,0007,000Warrant liability

-378Deferred revenue

1,3811,679Other liabilities

104259Total liabilities

14,87119,419Commitments and contingencies Stockholders’ equity:Preferred stock, $0.001 par value, 5,000,000 sh

SOURCE Vermillion, Inc.
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