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Cadus Reports Second Quarter 2007 Results
Date:12/20/2007

Audited)

Current assets:

Cash and cash equivalents $25,416,794 $24,602,202

Prepaid and other current assets 33,359 5,210

Investment in marketable securities - 628,585

Total current assets 24,450,153 25,235,997

Investment in other venture 179,497 173,427

Patents, net 594,051 637,267

Total assets $26,223,701 $$26,046,691

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accrued expenses and other current

liabilities $70,033 $61,307

Total current liabilities 70,033 61,307

Commitments

Stockholders' equity:

Common stock 132,857 132,857

Additional paid-in capital 59,844,355 59,844,355

Accumulated deficit (33,523,469) (33,183,960)

Accumulated other comprehensive

(loss) income - (507,793)

Treasury stock (300,075) (300,075)

Total stockholders' equity 25,153,668 25,985,384

Total liabilities and stockholders'

equity $26,223,701 $26,046,691

CADUS CORPORATION

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

June 30,

2007 2006

License and maintenance fees
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SOURCE Cadus Corporation
Copyright©2007 PR Newswire.
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