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Aastrom Biosciences Reports First Quarter Results.(Brief Article)

Vaccine Weekly

| November 21, 2001 | COPYRIGHT 2001 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2001 NOV 21 - (NewsRx.com & NewsRx.net) -- Aastrom Biosciences, Inc., (ASTM) has announced financial results for the first fiscal quarter ended September 30, 2001. For the quarter, the company raised approximately $7 million from the sale of common stock through a series of financing transactions. These proceeds have improved the company's ability to fuel its growing development program initiatives for the new fiscal year which includes initiating European sales and marketing of its CE Mark approved products for stem cell therapeutics and dendritic cell vaccines.

For the quarter ended September 30, 2001, the company reported a net loss of $1.9 million, or $.05 per common share, up from a net loss of $1.4 million, or $.04 per common share for the same period in 2000. Revenues, generated by grant funding, for the quarter were $151,000, compared with ...

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Source: HighBeam Research, Aastrom Biosciences Reports First Quarter Results.(Brief Article)

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