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ADVENTRX Pharmaceuticals Reports First Quarter 2007 Financial Results

Published in Oncology Business Week, May 27th, 2007

ADVENTRX Pharmaceuticals, Inc. (Amex: ANX) a biopharmaceutical research and development company focused on commercializing proprietary product candidates for the treatment of cancer and infectious diseases, today announced financial results for the three months ended March 31, 2007. ADVENTRX's net loss was $5.1 million, or $0.06 per share for the three months ended March 31, 2007, compared to a net loss of $4.0 million, or $0.06 per share, for the same period in 2006.

"ADVENTRX has expanded its product candidate portfolio substantially over the past year and is rapidly advancing its product candidates into the clinic," stated Evan M. Levine, chief executive officer of...

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