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MIGENIX Reports First Quarter Fiscal Year 2008 Financial Results

- -

Issuance of convertible royalty participation units - 7,737

Proceeds on exercise of stock options - 1

Proceeds on exercise of warrants 36 17

Repayment of capital lease obligation - (5)


Cash provided by financing activities $ 36 $ 7,750


Funds from (purchases of) short-term investments 6,880 (1,364)

Proceeds on disposal equipment 12 -

Purchases of equipment (75) (72)


Cash provided by (used in) investing activities $ 6,817 $ (1,436)


Increase in cash and cash equivalents $ 4,431 $ 3,206

Cash and cash equivalents, beginning of period 2,945 5,743


Cash and cash equivalents, end of period $ 7,376 $ 8,949



MIGENIX is committed to advancing therapy, improving health, and enriching life by developing and commercializing drugs primarily in the area of infectious diseases. The Company's clinical programs include drug candidates for the treatment of chronic hepatitis C infections (Phase II and preclinical), the prevention of catheter-related infections (Phase III) and the treatment of dermatological diseases (Phase II). MIGENIX is headquartered in Vancouver, British Columbia, Canada with US operations in San Diego, C

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