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Tapestry Reports Third Quarter 2007 Financial Results and Preliminary Data >From Its Phase 2 Prostate Cancer Trial

Published in Health Business Week, November 23rd, 2007

Tapestry Pharmaceuticals, Inc. (NASDAQ:TPPH) announced financial results for the third quarter ended September 26, 2007.

The net loss for the third quarter of 2007 was $6.1 million, or $0.37 per share. This compares to a net loss for the third quarter of 2006 of $3.6 million, or $0.22 per share. Included in the net loss for the third quarter of 2007 and 2006 is non-cash equity compensation expense totaling $869,000 and $615,000, respectively.

The net loss for the nine-months ended September 26, 2007 was $16.7 million, or $1.01 per share. This compares to a net loss for the nine-months ended September 27, 2006 of $12.1 million, or $1.03 per share....

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