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Telik Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 4, 2011 03:46PM

Telik Inc. (TELK) filed Quarterly Report for the period ended 2011-09-30. Telik Inc. has a market cap of $13.5 million; its shares were traded at around $0.25 .



Highlight of Business Operations:

We did not record any revenues for the three and nine months ended September 30, 2011 or in 2010. Future non-product revenues, if any, will depend upon the extent to which we enter into new collaborative research agreements and the amounts of payments relating to such agreements.

Cash Flows from Investing Activities. Cash provided by investing activities for the nine months ended September 30, 2011 was $4.1 million compared with $6.9 million for the same period in 2010. Cash provided in the nine months ended September 30, 2011 was primarily from $15.6 million in investment maturities and $199,000 in investment sales partially offset by the purchase of available-for-sale investments of $11.8 million. We had no capital expenditures for the nine months ended September 30, 2011. Cash provided by investing activities for the same period in 2010 was primarily from $24.0 million in investment maturities and $14.0 million in investment sales which included $13.8 million in sales of our ARS to UBS and was partially offset by the purchase of available-for-sale investments of $31.1 million. We had $5,000 in proceeds from the sale of property and equipment and no capital expenditures for the nine months ended September 30, 2010.

Read the The complete Report



Stocks Discussed: TELK,
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