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AutoImmune Inc. Reports 2008 Third Quarter Financial Results
Date:11/7/2008

treatments for autoimmune and cell-mediated inflammatory diseases and conditions.

Statements in this release that are not strictly historical are forward-looking statements including statements about clinical trials and studies and future sales, royalties and revenue. You can identify these forward-looking statements because they involve our expectations, beliefs, projections, anticipations or other characterizations of future events or circumstances. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements as a result of any number of factors. These factors include, but are not limited to the uncertainties of clinical trial results, the Company's dependence on third parties for licensing revenue, and the risks of technological change and competition. These factors are more fully discussed, as are other factors, in the Company's most recent Annual Report on Form 10-KSB filed with the Securities and Exchange Commission in the section entitled "Risk Factors."

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AUTOIMMUNE INC.

STATEMENT OF OPERATIONS

(Unaudited)

Three months ended Nine months ended

September 30, September 30,

2007 2008 2007 2008

Revenue $59,000 $57,000 $219,000 $225,000

Costs and expenses:

Cost of revenue 9,000 1,000 20,000 29,000

Research and

development 7,000 3,000 95,000 93,000

Selling, general

and administrative 163,000 125,000 532,000 511,000

Total costs and


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SOURCE AutoImmune Inc.
Copyright©2008 PR Newswire.
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