| • | | General and administrative expenses were $4.9 million for the second quarter of 2018, compared to $3.8 million for the second quarter of 2017. The increase in general and administrative expenses for the three months ended June 30, 2018 is primarily due to contracted outside service costs. |
| • | | The Company ended the quarter with unrestricted cash resources of approximately $40.4 million. |
In addition, a prepayment of approximately $31.7 million remains for programs to be conducted by the Company at MD Anderson Cancer Center under the current Research and Development Agreement.
The Company believes its current resources will be sufficient to fund its currently planned operations into the second quarter of 2019.
Conference Call and Slide Webcast
Ziopharm will host a webcast and conference call today, Aug. 8, at 4:30 p.m. ET. The call can be accessed by dialing1-844-309-0618 (U.S. and Canada) or1-661-378-9465 (international). The passcode for the conference call is 1573269. To access the slides and live webcast or the subsequent archived recording, visit the “Investors” section of the Ziopharm website at www.ziopharm.com. The webcast will be recorded and available for replay on the Company’s website for two weeks.
About Ziopharm Oncology, Inc.
Ziopharm Oncology is a Boston-based biotechnology company focused on the development of next-generation immunotherapies utilizing gene- and cell-based therapies to treat patients with cancer. In partnership with Precigen Inc., a wholly-owned subsidiary of Intrexon Corporation (NYSE:XON), Ziopharm is focused on the development of two platform technologies designed to deliver safe, effective and scalable cell- and viral-based therapies for the treatment of multiple cancer types: ControlledIL-12 and Sleeping Beauty for genetically modifying T cells. The Company’s lead asset,Ad-RTS-hIL-12 plus veledimex, has demonstrated in clinical trials the potential to controlinterleukin-12, leading to an infiltration of T cells that fight brain cancer. The Company also is advancing therapies using Sleeping Beauty, anon-viral approach to genetically modify chimeric antigen receptor (CAR+) andT-cell receptor (TCR+) T cells, which target specific antigens in blood cancers and neoantigens in solid tumors. Sleeping Beauty is designed using the Company’sso-calledpoint-of-care technology, a shortened manufacturing process which potentially can be developed as a decentralized manufacturing process based in hospitals. These programs are being advanced in collaboration with Precigen and with MD Anderson Cancer Center, the National Cancer Institute and Merck KGaA, Darmstadt, Germany.
Forward-Looking Statements Disclaimer
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts, and in some cases can be identified by terms such as “may,” “will,” “could,” “expects,” “plans,” “anticipates,” and “believes.” These statements include,