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Advanced Life Sciences Announces Third Quarter 2007 Financial Results
Date:11/14/2007

Through

September 30, 2007

Revenue:

Management fees $1,161,180

Grants 1,035,571

Royalty-related party 45,238

Total revenue 2,241,989

Expenses:

Research and development 70,857,523

Contracted research and

development-

related party 7,980,299

Selling, general and administrative 18,455,282

Total expenses 97,293,104

Loss from operations (95,051,115)

Other (income) expense:

Interest Income (2,562,528)

Interest expense 2,506,455

Gain on sale of interest in Sarawak

Medichem Pharmaceuticals joint

venture (939,052)

Net other income (995,125)

Net loss (94,055,990)

Less accumulated preferred dividends

for the period 1,451,042

Net loss available to common

shareholders $(95,507,032)

See notes to unaudited condensed consolidated financial statements.


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SOURCE Advanced Life Sciences Holdings, Inc.
Copyright©2007 PR Newswire.
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