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Cadus Reports First Quarter 2008 Results
Date:5/15/2008

2008 2007

(Unaudited) (Unaudited)

License and maintenance fees $100,000 $100,000

Total revenues 100,000 100,000

Costs and expenses:

General and administrative expenses 245,276 292,483

Amortization of patent costs 21,608 21,608

(Income) from equity in other ventures (2,276) (3,221)

Total costs and expenses 264,608 310,870

Operating loss (164,608) (210,870)

Other income:

Interest income 236,518 320,647

Loss on write down of marketable securities -- (668,246)

Investment reduction to net asset value (279,906) --

Loss before provision for income taxes (207,996) (558,469)

Provision for income taxes -- --

Net loss ($207,996) ($558,469)

Basic and diluted (loss) per weighted

average share of common stock outstanding ($0.02) ($0.04)

Weighted average shares of common stock

outstanding - basic and diluted 13,144,040 13,144,040


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SOURCE Cadus Corporation
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