As of March 26, 1999, 2,180,358 shares of common stock were outstanding and EBC had
approximately 134 shareholders of record.
YEAR ENDED DECEMBER 31,
-----------------------
1994 1995 1996 1997 1998
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(IN THOUSANDS, EXCEPT PER SHARE DATA)
STATEMENTS OF OPERATIONS DATA:Revenues:
Sponsored research revenues ....... $ 1,148 $ 1,567 $ 1,778 $ 1,652 $ 689
Interest and investment income .... 573 1,401 807 650 360
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Total revenues ................ 1,721 2,968 2,585 2,302 1,049
Costs and Expenses:
Research and development .......... 5,723 7,338 9,210 9,087 7,706
General and administrative ........ 2,978 2,877 2,608 2,754 2,188
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Total costs and expenses ...... $ 8,701 10,215 $ 11,818 $ 11,841 $ 9,894
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Net loss ................................ $ (6,980) $ (7,247) $ (9,233) $ (9,539) $ (8,845)
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Net loss per common share - basic and
diluted ........................... $ (5.25) $ (6.65) $ (7.29) $ (7.64) $ (5.20)
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Shares used in computing net loss per common share - basic and
diluted ........................... 1,423,949 1,461,085 1,606,861 1,681,351 1,875,414
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