ARIUS Announces Third Quarter Fiscal 2007 Financi...(Cumulative ...)

Three-month Three-month since

period ended period ended inception on

August 31, August 31, August 11,

2007 2006 1999

$ $ $

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Revenue:

Research Contract 508,660 - 508,660

Product 42,456 - 98,942

Licensing fees 165,012 208,564 3,284,703

Research grant payments - 18,146 273,663

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716,128 226,710 4,165,968

Expenses:

Research and development,

net of tax credits 2,402,060 1,303,088 23,254,226

General and administrative 1,160,827 470,619 10,519,592

Interest expense 667 198,260 903,836

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3,563,554 1,971,967 34,677,654

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Loss before the undernoted (2,847,426) (1,745,257) (30,511,686)

Interest income 155,721 275,529 1,902,963

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

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Loss before income taxes (2,691,705) (1,469,728) (29,390,866)

Income taxes:

Current
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