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Advanced Life Sciences Holdings, Inc.

Advanced Life Sciences Announces Second Quarter 2009 Financial Results and Financial Outlook

Published in Oncology Business Week, August 30th, 2009

Advanced Life Sciences Holdings, Inc. (BULLETIN BOARD: ADLS) , a biopharmaceutical company engaged in the discovery, development and commercialization of novel drugs in the therapeutic areas of infection, oncology and respiratory diseases, announced its financial results for the second quarter ended June 30, 2009.

The net loss allocable to common shareholders for the three months ended June 30, 2009 was $2.6 million or ($0.06) per share compared to a net loss allocable to common shareholders of $3.4 million or ($0.09) per share for the three months ended June 30, 2008. The decrease in the net loss is due to decreased costs involved in the clinical development of the...

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