SEATTLE--(BUSINESS WIRE)--June 1, 2006--Northstar Neuroscience, Inc. (Nasdaq:NSTR - News) today reported a net loss of $4.3 million for the quarter ended March 31, 2006 compared to $4.0 million for the quarter ended March 31, 2005. Northstar ended the first quarter of 2006 with $16.4 million of cash and investments. This reflects cash use of $3.8 million during the quarter for operating activities. The $112.0 million of net proceeds raised in its May 2006 initial public offering (IPO) subsequently added to Northstar’s cash position.
