Tengion Reports Third Quarter 2010 EPS of $.54

Tengion, Inc.

today provided a business update and reported its financial results for the third quarter ended September 30, 2010. For the third quarter ended September 30, 2010, the company reported an adjusted net loss of $6.7 million, or $0.54 per basic and diluted common share, compared with an adjusted net loss of $7.2 million, or $1.14 per basic and diluted common share, for the same period in 2009. The decreased adjusted net loss for the 2010 period was primarily due to a $0.4 million decrease in interest expense resulting from lower average debt balances during the 2010 period. The loss per basic and diluted common share for the quarter ended September 30, 2010 was significantly affected by the company's initial public offering of 6,000,000 shares in April 2010.