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Amicus Therapeutics Announces Fourth Quarter and Full Year 2007 Financial Results & Program Advancements
Date:1/29/2008

>Summary:

Net loss: $ (16,769) $4 $(37) $ (1,025) $(17,827)

Net loss per share -

basic and diluted: $(18.60) $ 0.01 $(0.04) $(1.14) $(19.77)

Weighted average

number of shares

outstanding: 901,748 901,748

Table 4

Amicus Therapeutics, Inc.

Reconciliation of GAAP to non-GAAP Measures for the

Statement of Operations Information for Year Ended December 31, 2007

(Unaudited)

(In thousands, except share and per share amounts)

Change

in Fair

Value

of Preferred

Warrant Stock Stock GAAP as

Non-GAAP Liability Accretion Compensation Reported

Income Statement

Classifications:

Revenue $1,784 $1,784

Research and

development (29,480) $- $- $(1,594) (31,074)

General and

administrative (12,887) (2,391) (15,278)

Depreciation and

amortization (1,237) (1,237)

Interest income 5,135 5,135

Interest expense (348) (348)

Change in fair value of

warrant liability - (149) (149)

Preferred stock accretion - (351) (351)

Summary:

Net loss: $(37,033) $(149) $(351) $(3,985) $(41,518)

Net loss per share -

basic and diluted: $(2.80) $(0.01) $(0.03) $(0.30) $(3.14)
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SOURCE Amicus Therapeutics
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