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Advaxis, Inc. Receives Preliminary Approval for Sale of Losses From State of NJ Economic Development Authority


12/13/2012 10:09:09 AM

PRINCETON, N.J.--(BUSINESS WIRE)--Advaxis, Inc., (OTCBB: ADXS), a leader in developing the next generation of immunotherapies for cancer and infectious diseases, announced that it has received preliminary approval for $796,913 from the sale of certain net operating loss carryovers from prior years through the Technology Business Tax Certificate Transfer Program sponsored by the New Jersey Economic Development Authority (NJEDA). The Company expects to receive approximately $725,200 after sales commission and other expenses in this non-dilutive funding.

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