LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- BioSante Pharmaceuticals, Inc. (BPAX) today reported on its cash balance as of March 31, 2013 and financial results for the quarter ended March 31, 2013. As of March 31, 2013, the Companys cash and cash equivalents were approximately $29.4 million and convertible notes payable on May 1, 2013 were approximately $8.2 million. Subsequent to the end of the quarter and prior to the May 1, 2013 maturity date of the notes, the Company repaid the outstanding principal amount of the notes, plus all accrued and unpaid interest thereon. BioSante incurred a net loss of approximately $2.3 million or $(0.09) per share for the quarter ended March 31, 2013, compared to a net loss of $10.3 million or $(0.53) per share for the same period in 2012. The decrease in the net loss was due primarily to lower clinical development expenses for LibiGel (testosterone gel) during the most recent period as a result of the conclusion of all current LibiGel clinical studies. About BioSante Pharmaceuticals, Inc. BioSantes corporate strategy is to develop high value medically-needed pharmaceutical products and to implement strategic alternatives with respect to its products and its company, including licenses, business collaborations and other business combinations … Continue reading →

Treatments purporting to offer "male rejuvenation" and combat the effects of aging have become popular in recent years, but such claims are not backed up by science, experts say. Men seeking such treatments often receive testosterone, sometimes in combination with other hormones such as including steroids and growth hormones. Advertisers claim the treatments increase strength and sex drive, and make patients feel younger. However, studies examining the effects these treatments are lacking, and there's little evidence to support their use in men who don't have hormone deficiencies, experts say. "There's really no scientific evidence that they will help a man to function optimally, either in the sexual arena, or that they will have a effect on the general health and wellbeing of a man," said Dr. Eli Lizza, a urologist at Lenox Hill Hospital in New York. Moreover, the treatments also have side effects that should be considered. For instance, testosterone treatments can temporarily decrease sperm count and impair fertility, experts said. Further, studies have suggested a possible link between the receiving the hormone and prostate cancer. If you're looking for a way to lengthen lifespan and increase strength, some say you're better off sticking with the common sense advice … Continue reading →