Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PROGENICS PHARMACEUTICALS INCFinancial_Report.xls
EX-10 - PROGENICS EXHIBIT 10 03/31/2012 - PROGENICS PHARMACEUTICALS INCex1003312012.htm
EX-31.2 - PROGENICS EXHIBIT 31.2 03/31/2012 - PROGENICS PHARMACEUTICALS INCex31_203312012.htm
EX-31.1 - PROGENICS EXHIBIT 31.1 03/31/2012 - PROGENICS PHARMACEUTICALS INCex31_103312012.htm
10-Q - PROGENICS FORM 10-Q 03/31/2012 - PROGENICS PHARMACEUTICALS INCform10_q03312012.htm
EX-32 - PROGENICS EXHIBIT 32 03/31/2012 - PROGENICS PHARMACEUTICALS INCex3203312012.htm


Exhibit 12.1
 
Progenics Pharmaceuticals, Inc.
Ratio of Earnings (Loss) to Combined Fixed Charges and Preferred Stock Dividends
(in thousands)
 
   
Three Months
Ended
March 31,
   
Years Ended December 31,
 
   
2012
   
2011
   
2010
   
2009
   
2008
   
2007
 
Determination of earnings (loss):
                                   
Income (loss) from operations
  $ (13,086 )   $ 10,381     $ (69,820 )   $ (30,612 )   $ (44,672 )   $ (43,688 )
Add:
                                               
Fixed charges
    17       695       709       555       594       483  
                                                 
Earnings (loss), as adjusted
  $ (13,069 )   $ 11,076     $ (69,111 )   $ (30,057 )   $ (44,078 )   $ (43,205 )
                                                 
Fixed charges:
                                               
                                                 
Estimate of interest within rental expense
    17       695       709       555       594       483  
                                                 
Fixed charges
  $ 17     $ 695     $ 709     $ 555     $ 594     $ 483  
                                                 
Preferred stock dividends
  $ -     $ -     $ -     $ -     $ -     $ -  
                                                 
                                                 
Ratio of earnings (loss) to fixed charges and preferred stock dividends
    *       16       *       *       *       *  
Coverage deficiency amount for total fixed charges and preferred stock dividends (1)
  $ 13,086     $ -     $ 69,820     $ 30,612     $ 44,672     $ 43,688  
________________
(1)
For the years ended 2007 through 2010 and for the three months ended March 31, 2012, the Company’s coverage ratio is less than one-to-one and it must generate additional earnings of these specified amounts to achieve a coverage ratio of 1:1.