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Advanced Magnetics, Inc.

Pharmaceutical company reports loss of $0.42 per share

Published in Lab Business Week, May 22nd, 2005

Advanced Magnetics, Inc., (AVM) announced operating results and revenues for the second fiscal quarter and 6-month period ended March 31, 2005.

Revenues for the quarter were $612,491 as compared to revenues of $766,530 for the same period in fiscal 2004. The company recorded a net loss of $3,335,835 or $0.42 per share compared to a net loss of $566,001 or $0.07 per share for the same period in fiscal 2004.

Revenues for the 6-month period ended March 31, 2005, were $1,634,755 as compared to revenues of $1,398,494 for the same period in fiscal 2004. The company recorded a net loss of $5,884,947 or $0.73 per share in the 6-month period ended March 31,...

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