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

$

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Revenue:

Research contract 262,478 - 1,996,120

Product 60,675 21,392 280,049

Licensing fees 101,000 - 3,385,703

Research grant payments - - 273,663

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424,153 21,392 5,935,535

Expenses:

Research and development,

net of tax credits 3,337,461 2,102,603 31,331,946

General and administrative 1,149,402 762,673 13,168,494

Foreign exchange loss (gain) (236,020) 319,481 508,201

Interest expense 551 771 906,768

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4,251,394 3,185,528 45,915,409

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Loss before the undernoted (3,827,241) (3,164,136) (39,979,874)

Interest income 69,720 181,484 2,221,804

Loss on extinguishment of debt - - (782,143)

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Loss before income taxes (3,757,521) (2,982,652) (38,540,213)

Income taxes:

Current (59,416) (53,480) (394,438)

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Loss and comprehensive loss

for the period (3,816,937) (3,036,132) (38,934,651)

Deficit, beginning of period (35,117,714) (23,783,289) -

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SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

1. ARIUS presents new findings for anti-cancer antibody programs at AACR
2. ARIUS announces first quarter fiscal 2008 financial results
3. ARIUS 2008 Annual and Special Meeting of Shareholders
4. ARIUS recognized for entrepreneurial excellence
5. ARIUS announces five abstracts selected for presentation at 2008 AACR Annual Meeting
6. ARIUS presents new findings showing therapeutic antibody inhibits human leukemic cancer stem cells
7. Laureate Announces Manufacturing Agreement with ARIUS for Trop-2 Targeting Antibody
8. ARIUS announces manufacturing Agreement with Laureate Pharma For Trop-2 targeting antibody
9. ARIUS announces fourth quarter and year-end fiscal 2007 financial results
10. Arius completes Pre-IND Meeting with FDA for Lead CD44 Cancer Stem Cell Program
11. ARIUS to Hold Fourth Quarter and Year End 2007 Conference Call
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