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Previous: MEDAREX INC, S-3, 2000-12-22 |
Next: MEDAREX INC, S-3, EX-23.1, 2000-12-22 |
<PAGE>
Exhibit 12.1
Statement Re:
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
<TABLE>
<CAPTION>
Nine Months
Ended
Years Ended December 31, September 30,
------------------------ -------------
1995 1996 1997 1998 1999 2000
---- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
Loss before provision (benefit) for
income taxes and equity in
earnings of unconsolidated
affiliate $(6,509) $(6,868) $(55,377) $(22,196) $17,553) $(8,662)
Interest expense 8 5 27 1,539 8 3
Interest portion of rent expense 588 601 681 692 913 902
------- ------- -------- -------- -------- -------
Earnings (loss) as adjusted $(5,913) $(6,262) $(54,669) $(19,965) $(16,632) $(7,757)
======= ======= ======== ======== ======== =======
Fixed charges:
Interest expense $8 $5 $27 $1,539 $8 $3
Interest portion
of rent expense 588 601 681 692 913 902
------- ------- -------- -------- -------- -------
Total fixed charges $596 $606 $708 $2,231 $921 $905
======= ======= ======== ======== ======== =======
Deficiency of earnings
available to cover fixed charges $(6,509) $(6,868) $(55,377) $(22,196) $(17,553) $(8,662)
</TABLE>
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