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Telik Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: May 9, 2012 04:30PM
Telik Inc. (TELK) filed Quarterly Report for the period ended 2012-03-31.
Highlight of Business Operations:We did not record any revenues for the three months ended March 31, 2012 or in 2011. 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 used in investing activities for the three months ended March 31, 2012 was $835,000 compared with cash provided of $1.1 million for the same period in 2011. Cash used in the three months ended March 31, 2012 was primarily for the purchase of available-for-sale investments of $2.7 million and was partially offset by $1.9 million in investment maturities. Cash provided by investing activities for the same period in 2011 was primarily from $6.3 million in investment maturities and $199,000 in investment sales partially offset by the purchase of available-for-sale investments of $5.5 million. We had no capital expenditures for the three months ended March 31, 2012 or 2011.
Stocks Discussed: TELK,