LOS ANGELES--(BUSINESS WIRE)--ImmunoCellular Therapeutics (OTCBB: IMUC) today announced second quarter results for the period ended June 30, 2010. The Company utilized $1.13 million of cash in its operations during the quarter. The increase in net burn is reflective of increased personnel costs as well as increase in Research and Development costs associated with the planned phase II clinical trial for ICT-107. As of June 30th, the Company had approximately $7.7 million in cash, cash equivalents and short-term investments on its balance sheet, reflecting the strongest cash position in its history. Detailed financial information is contained in the form 10Q filed with SEC for the second quarter.
