BioMimetic Therapeutics, Inc. Reports Second Quarter 2012 Earnings Results

FRANKLIN, Tenn.--(BUSINESS WIRE)--BioMimetic Therapeutics, Inc. (NASDAQ: BMTI) today reported its corporate highlights and financial results as of and for the three and six months ended June 30, 2012. For the three months ended June 30, 2012, the Company reported a net loss of $6.4 million, or $0.23 per diluted share, compared to a net loss of $8.2 million, or $0.29 per diluted share, for the same period in 2011. For the six months ended June 30, 2012, the Company reported a net loss of $12.5 million, or $0.44 per diluted share, compared to a net loss of $16.2 million, or $0.58 per diluted share, for the same period in 2011. The Company ended the quarter with $49.1 million of cash, cash equivalents and investments.