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Advanced Life Sciences Announces First Quarter 2008 Financial Results
Date:5/7/2008

> the three months ended March 31, 2007. The decrease in R&D expense is

related to lower clinical development and manufacturing costs associated

with the Company's lead product cethromycin.

* General and administrative expense. General and administrative expense

increased $0.2 million to $1.7 million for the three months ended

March 31, 2008. The increase was attributable to costs associated with

cethromycin national advisory board meeting costs and higher

compensation and benefit expenses.

Year-to-Date 2008 Achievements:

* Attended the FDA Anti-Infectives Advisory Committee meeting that

discussed non-inferiority margins in CAP clinical trials on April 1

and 2, 2008 and held a conference call to provide management's

understanding of the Advisory Committee meeting to investors on April 3,

2008;

* Conducted a meeting with FDA on April 7, 2008 to discuss the anticipated

NDA submission in CAP and provided a summary of the outcome to investors

via conference call on April 10, 2008;

* Released results of our successful thorough QT study of cethromycin;

* Provided regulatory updates to multiple potential partners and advanced

negotiations regarding the commercial development of cethromycin as a

treatment for CAP;

* Met with the national advisory board for cethromycin consisting of

thought leaders in the area of respiratory tract infections and

antibiotic therapies to confirm the regulatory and development strategy;

* Advanced the development of ALS-357: received approval from the

Northwestern University Institutional Review Board (IRB) of the protocol

for the planned Phase I/II melanoma program.

Remaining Objectives for 2008

* Submit NDA for cethromycin in CAP;

* Finalize negotiations with potential commercial partners for

cethromycin;

* Conti
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SOURCE Advanced Life Sciences Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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