Athersys, Inc. Q3 2008 Earnings Call Transcript

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2008-11-27 21:31:09.0

Tags: Forward-looking Statement, Call, Call Transcript, Earnings, Athersys Inc., Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

Athersys, Inc. (ATHX)

Q3 2008 Earnings Call

November 10, 2008 4:30 pm ET

Executives

Lisa Wilson - IR, In-Site Communications

Gil Van Bokkelen - Chairman and CEO

B.J. Lehmann - President and CFO

Analysts

Adam Cutler - Canaccord Adams

Matt Osborne - Lazard

Craig Gordon - Cowen and Company

Presentation

Operator

Good afternoon. My name is Ken and I will be your conference operator today. At this time, I would like to welcome everyone to the Athersys Q3 2008 financial results earnings call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator instructions).

And now I would like to turn the call over to Ms. Lisa Wilson. Ma'am, go ahead.

Lisa Wilson

Thank you, and good afternoon, everyone. I am Lisa Wilson of In-Site Communications, Investor Relations for Athersys. Thank you for joining today's call. You should have a copy of the press release issued at the close of market. If you have not received it, please call, Libby Abelt at 212-759-5665 and it will be sent to you immediately.

Gil Van Bokkelen, Chairman and Chief Executive Officer and B.J. Lehmann, President and Chief Operating Officer of Athersys will host today's call. The call is expected to last about 45 minutes and maybe accessed through the company's website at athersys.com. A replay will be available after this call's completion by dialing 800-642-1687 in the US and Canada and 706-645-9291 from abroad and entering access code 68456292.

Any remarks that Athersys may make about forward expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including those discussed in the company's Form 10-Q, 10-K and other public SEC filings. Athersys anticipates the subsequent events and developments may cause its outlook to change, while the company may like to update these forward-looking statements at some point in the future the company specifically disclaims any obligation to do so.

With that I would like to turn the call over to B.J. Lehmann. B.J.?

B.J. Lehmann

Thanks, Lisa. Good afternoon and welcome to the Athersys third quarter 2008 Earnings Call. I am B.J. Lehmann, President and Chief Operating Officer at Athersys. I will review our financial results for the quarter ended September 30, 2008, and then I will turn it over to Gil Van Bokkelen for a corporate update.

 

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