Printer Friendly

ANERGEN REPORTS SECOND QUARTER RESULTS

 ANERGEN REPORTS SECOND QUARTER RESULTS
 REDWOOD CITY, Calif., July 23 /PRNewswire/ -- Anergen Inc.


(NASDAQ: ANRG) today reported a net loss of $1,252,000, or $.22 per share, for the second quarter ended June 30, 1992, as compared to a loss of $974,000, or $.28 per share, for the same period a year ago. Anergen's loss for the six-month period ended June 30, 1992 was $2,374,000, or $.43 per share, as compared to a loss of $1,858,000, or $.58 per share for the six months ended June 30, 1991.
 John W. Fara, Ph.D., Anergen's chief executive officer, said, "Our research programs continue at planned spending levels, which reflect the scale up of our internal manufacturing capabilities." Last month, Anergen announced initiation of construction of its pilot manufacturing facility which is scheduled to be completed in late 1992.
 Anergen is developing therapies for the treatment of autoimmune diseases using proprietary biopharmaceutical compounds designed to inactivate or anergize only the specific T cells in the immune system responsible for each disease.
 ANERGEN INC.
 Unaudited Selected Financial Data
 (In thousands, except per share data)
 Operations Data Three months ended Six months ended
 June 30, June 30,
 1992 1991 1992 1991
 Expenses:
 Research and
 development $1,044 $659 $1,904 $1,285
 General and
 administrative 329 272 721 497
 Interest, net (121) 43 (251) 76
 Net loss $1,252 $974 $2,374 $1,858
 Net loss per share $0.22 $0.28 $0.43 $0.58
 Shares used in
 calculating
 per share data 5,582 3,496 5,576 3,183
 Balance Sheet Data June 30, Dec. 31,
 1992 1991
 Cash and short-term
 investments $11,522 $13,655
 Working capital 10,492 12,785
 Total assets 12,174 14,350
 Total liabilities 1,298 1,162
 Shareholders' equity 10,876 13,188
 -0- 7/23/92
 /CONTACT: John Varian, CFO, or Joan Shields (investors) of Anergen, 415-361-8901; or Roger S. Pondel or Mark J. Brand of Pondel Parsons & Wilkinson, 310-207-9300, for Anergen/
 (ANRG) CO: Anergen Inc. ST: California IN: MTC SU: ERN


EH-CH -- LA037 -- 2789 07/23/92 17:24 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 23, 1992
Words:353
Previous Article:CHIQUITA ANNOUNCES EXPECTED SECOND QUARTER RESULTS
Next Article:MIDWEST POWER SYSTEMS DECLARES DIVIDEND
Topics:


Related Articles
ANERGEN INC. REPORTS FIRST QUARTER RESULTS
ANERGEN REPORTS THIRD QUARTER RESULTS
ANERGEN REPORTS FISCAL 1992 RESULTS
ANERGEN REPORTS SECOND QUARTER RESULTS
ANERGEN INC. REPORTS FISCAL 1993 RESULTS
ANERGEN INC. REPORTS FIRST QUARTER 1994 RESULTS
ANERGEN REPORTS SECOND QUARTER 1995 RESULTS
ANERGEN REPORTS THIRD QUARTER 1995 RESULTS
ANERGEN REPORTS 1995 FINANCIAL RESULTS
Anergen Reports First Quarter 1997 Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters