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Biopure Announces 2008 Third Quarter Financial Results
Date:8/21/2008

ts and expenses, delays and adverse determinations by regulatory authorities, unanticipated problems with the product's commercial use, whether or not product related, and with product distributors, sales agents or other third parties, delays in clinical trials, and the other factors identified under the heading "Risk Factors" in the Company's quarterly report on Form 10-Q filed on June 16, 2008, as amended on June 18, 2008, which can be accessed in the EDGAR database at the U.S. Securities and Exchange Commission's (SEC) website, http://www.sec.gov. The company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof. A full discussion of the company's operations and financial condition can be found in the company's filings with the SEC.

Contact:

Tiana Gorham

Biopure Corporation

(617) 234-6826

IR@biopure.com

BIOPURE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

Three Months Ended Nine Months Ended

July 31 July 31

2008 2007 2008 2007

Total revenues $708 $550 $2,183 $1,763

Cost of revenues 2,362 3,089 6,963 9,026

Gross loss (1,654) (2,539) (4,780) (7,263)

Operating expenses:

Research and development 914 1,618 4,157 5,397

Sales and marketing 232 341 960 1,099

General and

administrative 1,849 2,107 5,795 6,356


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SOURCE Biopure Corporation
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