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Prostate Cancer



Cell Genesys Reports Fourth Quarter and Full Year 2006 Results



March 12th, 2007

Cell Genesys, Inc. (NASDAQ:CEGE) reported financial results for the fourth quarter and full year ended December 31, 2006.

For the fourth quarter of 2006, the company reported a net loss of $30.3 million, or $0.54 per fully diluted share, compared with net income of $19.1 million, or $0.33 per fully diluted share, for the same period in 2005. The increase in net loss in the current quarter is attributed primarily to the absence of gains from sales of marketable securities compared to the fourth quarter of 2005, at which time the company had a gain of $48.8 million from the sale of 3.0 million shares of common stock of Abgenix, its former subsidiary.

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Source: Pharma Business Week (2007-03-12)

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