Telik, Inc. Announces Fourth Quarter and 2012 Year End Financial Results and 2013 Financial Guidance

PALO ALTO, Calif., March 15, 2013 /PRNewswire/ -- Telik, Inc. (TELK) reported a net loss of $1.8 million, or $0.66 per share, for the three months ended December 31, 2012, compared with a net loss of $2.5 million, or $1.38 per share, for the comparable period in 2011. For the year ended December 31, 2012, net loss was $8.0 million, or $3.64 per share, compared with a net loss of $12.0 million, or $6.69 per share, for the year ended December 31, 2011. Net loss per share for both periods were adjusted for the 1-for-30 reverse split of the company's common stock effected on March 30, 2012.