Bioengineering

Athersys Reports Second Quarter 2007 Financial Results

Published in Medical Devices and Surgical Technology Week, September 9th, 2007

Athersys, Inc. (BULLETIN BOARD: BVIC) , a wholly owned subsidiary of BTHC VI, announced its financial results for the second quarter of 2007. This announcement marks Athersys' first financial report since it became a publicly traded company after its merger with BTHC VI, Inc., which was completed on June 8, 2007.

For the second quarter of 2007, the company reported revenues of $0.7 million and a net loss of $7.1 million. As of June 30, 2007, cash and cash equivalents totaled $58.9 million, which included net proceeds from the private equity offering that closed in June 2007. For the second quarter of 2007, net loss included stock compensation expense of $4.1 million...

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Source: Medical Devices and Surgical Technology Week (2007-09-09)

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