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Gene-based therapies company reports second quarter 2005 financial results

Published in Gene Therapy Weekly, September 8th, 2005

Sirna Therapeutics, Inc. (RNAI) reported financial results for the second quarter ended June 30, 2005.

For the quarter ended June 30, 2005, Sirna reported a net loss applicable to common stock of $5.9 million, or $0.14 per share, compared to a net loss applicable to common stock of $6.3 million, or $0.18 per share, for the same period in 2004.

Sirna ended the second quarter with $18.7 million in cash and marketable securities. Subsequently, on July 5, the company entered into definitive agreements for the sale of common stock and warrants in a private placement for aggregate gross proceeds of $28 million. Revenues for the second quarter of 2005 were...

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