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Adherex Technologies, Inc.

Adherex posts net loss of $0.08 per share

Published in Healthcare Finance, Tax and Law Weekly, June 14th, 2006

Adherex Technologies, Inc., (ADH, AHX), a biopharmaceutical company with a broad portfolio of oncology products under development, reported its financial results for the first quarter ended March 31, 2006.

The net loss for the 3-month period ended March 31, 2006 was $3.5 million, or $0.08 loss per share, compared to a net loss of $3.1 million, or $0.09 loss per share, for the 3-month period ended March 31, 2005. Operating expenses totaled $3.9 million, an increase of 13% over the same period last year.

These operating expenses primarily reflect increased research and development expenditures related to our expanding clinical trial program for ADH-1...

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