DALLAS, Feb. 12, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring ADVENTRX Pharmaceuticals Inc. (AMEX:ANX). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/ANX
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ADVENTRX Pharmaceuticals Inc. (ANX) is a development-stage biopharmaceutical company. The Company's business is focused on in-licensing, developing and commercializing product candidates for the treatment of cancer. ANX is focused primarily on evaluating strategic options, including the sale or exclusive license of one or more of its product candidate programs, a strategic business merger and other similar transactions. Its wholly owned subsidiaries include SD Pharmaceuticals Inc. (SDP) and ADVENTRX (Europe) Ltd.
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In the report, the analyst notes:
"For the three months ended September 30, 2009, ANX's net loss applicable to common stock was $2.7 million, or $0.02 per share, compared with a net loss applicable to common stock of $6.8 million, or $0.08 per share, for the comparable period in 2008. Included in the net loss applicable to common stock for the 2009 third quarter was a non-cash deemed dividend expense of $0.4 million incurred in connection with the Company's July and August 2009 equity financings.
"ANX earlier this week announced that, effective immediately, Brian M. Culley, previously the Company's chief business officer and a senior vice president, will serve as its CEO and Patrick L. Keran, previously the Company's general counsel, will serve as its president and COO. Keran also will continue to serve as the Company's secretary and principal financial and accounting officer."
To read the entire report visit: http://www.beaconequity.com/i/ANX
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