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ARIUS announces second quarter fiscal 2008 financial results
Date:7/11/2008

ly, ARIUS has antibody programs targeting the MCSP antigen and

37LRP, in addition to several other undisclosed programs.

- ARIUS now has 26 issued or allowed patents covering its antibody

programs and discovery platform and over 273 patents pending

worldwide.

Corporate Updates

- Dr. Young was awarded "Most Innovative" award by the Association of

Chinese Canadian Entrepreneurs for demonstration of exceptional

innovation in his field and contribution to the marketplace.

- Secured a sponsored research agreement with the University of Toronto

Health Network and cancer stem cell pioneer, Dr. John E. Dick. In

collaboration with Dr. Dick, ARIUS is assessing the impact of certain

antibodies on cancer stem cells.

- Continued to evaluate its strategic options with global

pharmaceutical and biotechnology companies.

Financial Results:

All amounts are in Canadian dollars unless otherwise indicated.

For the six-month period ended May 31, 2008, the Company recorded a net loss of $6,401,018 ($0.14 per share) compared to a net loss of $5,342,827 ($0.12 per share) for the six-month period ended May 31, 2007. For the three-month period ended May 31, 2008, the Company recorded a net loss of $3,816,937 ($0.08 per share) compared to a net loss of $3,036,132 ($0.07 per share) for the three-month period ended May 31, 2007. This increase in net loss for both periods is primarily the result of higher research and development, and general administrative expenses, partially offset by higher revenues and foreign exchange gains.

For the six-month period ended May 31, 2008, the Company's revenue increased to $1,471,447 compared to $129,846 for the same period in fiscal 2007. For the three-month period ended May 31, 2008, the Company's revenue increased to $424,153 compared to $21,392 for the same period in fiscal 2007. The increase for both pe
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SOURCE ARIUS Research Inc.
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Related biology technology :

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4. ARIUS recognized for entrepreneurial excellence
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