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Cell Genesys Announces Second Quarter 2009 Financial Results
Cell Genesys, 08/07/09
Cell Genesys, Inc. reported financial results for the second quarter 2009. The company reported a net loss of $3.8 million, for the second quarter of 2009, compared to a net loss of $2.8 million for the corresponding period in 2008. The increase in net loss was primarily the result of recognizing non–cash losses in 2009 related to a warrant liability as compared to recognizing non–cash gains in 2008, partially offset by gains from the repurchase and exchange of convertible senior notes in 2009.
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