GenVec Inc. Reports Fourth Quarter And 2005 Year End Financial Results

GAITHERSBURG, Md.--(BUSINESS WIRE)--March 15, 2006--GenVec, Inc. (Nasdaq:GNVC) today announced financial results for the fourth quarter and year ended December 31, 2005. For the year ended December 31, 2005, the company reported a net loss of $13.8 million, or $0.24 per share, compared with a net loss of $18.9 million, or $0.35 per share for the year ended December 31, 2004. GenVec ended the year with $32 million in cash and total investments.

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