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

Draw of bank line of credit - - 655,000

Repayment of bank line of

credit - - (655,000)

Bridge loan - - 300,000

Repayment of bridge loan - - (300,000)

Repayment of capital lease

and equipment financing

obligations (6,370) (5,941) (303,061)

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417,941 (5,941) 39,931,880

Investing activities:

Purchase of short-term

investments - (2,577,726) (44,450,921)

Maturity of short-term

investments 1,299,844 7,662,879 44,450,921

Leasehold inducements - - 243,780

Long-term investment - - (20,000)

Acquisition of facilities

and equipment (51,129) (295,296) (3,030,639)

Disposal of equipment - - 8,986

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1,248,715 4,789,857 (2,797,873)

Increase in cash & cash

equivalents (1,217,149) 2,596,213 8,543,124

Cash & cash equivalents,

beginning of period 9,760,273 4,824,896 -

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Cash & cash equivalents,

end of period 8,543,124 7,421,109 8,543,124

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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
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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
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9. ARIUS announces fourth quarter and year-end fiscal 2007 financial results
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11. ARIUS to Hold Fourth Quarter and Year End 2007 Conference Call
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