Tengion, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the three months ended September 30, 2014, the company reported an adjusted net loss of $6.6 million, or $0.26 per basic and diluted common share, compared to an adjusted net loss of $6.0 million, or $1.40 per basic and diluted common share, for the same period in 2013. The increased adjusted net loss for the 2014 period was primarily due to an increase in research and development expense of $0.9 million, an increase in general and administrative expense of $0.1 million offset by a decrease in interest expense of $0.4 million. Loss from operations was $4.85 million compared to $3.90 million a year ago. Net loss was $18.35 million or $0.73 per basic and diluted common share compared to $7.26 million or $1.70 per basic and diluted common share a year ago.

For the nine months ended September 30, 2014, the company reported an adjusted net loss of $19.3 million, or $0.96 per basic and diluted common share, compared with an adjusted net loss of $17.3 million, or $5.02 per basic and diluted common share, for the same period in 2013. The increased adjusted net loss for the 2014 period was primarily due to increases in research and development expense of $1.5 million, in general and administrative expense of $0.3 million and in interest expense of $0.2 million. Loss from operations was $70.47 million compared to $24.97 million a year ago. Net loss was $70.47 million or $3.49 per basic and diluted common share compared to $24.97 million or $7.24 per basic and diluted common share a year ago.