MARLBOROUGH, Mass.--(BUSINESS WIRE)-- Advanced Cell Technology, Inc. (ACT, OTCBB: ACTC or the Company), a leader in the field of regenerative medicine, today announced fourth quarter and year-end financial results for the period ended December 31, 2012. Highlights from the fourth quarter included: 2012 represented a transformative year for ACT both clinically and through favorable corporate developments, said Gary Rabin, chairman and CEO of ACT. The Company announced promising data from its most advanced clinical programs in AMD and SMD, and has made solid progress in bringing each of these programs through the clinical trials. ACT has also been able to remove many of the impediments to achieving a listing of its stock on a National Exchange, by eliminating significant contingent liabilities through resolution of outstanding litigation. We believe the Company is now well positioned to achieve both its clinical and corporate objectives in 2013. 2012 Fourth Quarter Financial Results Advanced Cell had revenue totaling $124,434 for the three months ended December 31, 2012 as compared to $66,238 in the same period in 2011. Research and Development expenses for the fourth quarter in 2012 and 2011 were $3.7 and $2.9 million respectively. The Company reported a loss from operations of $(6.2) … Continue reading
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