Cadus Reports Second Quarter 20...($- $- Total revenues ...)

Total revenues - -

Costs and expenses:

General and administrative expenses 112,116 219,704

(Income) from equity in other venture (2,849) (2,999)

Total costs and expenses 109,267 216,705

Operating loss (109,267) (216,705)

Other income:

Interest income 328,995 292,092

Income before provision for income taxes 219,728 75,387

Provision for income taxes 768 -

Net income $218,960 $75,387

Basic and diluted income per weighted

average share of common stock outstanding $0.02 $0.01

Weighted average shares of common stock

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

CADUS CORPORATION

Condensed Consolidated Statements of Operations

(Unaudited)

Six Months Ended

June 30,

2007 2006

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

Total revenues 100,000 100,000

Costs and expenses:

General and administrative expenses 426,207 480,906

(Income) from equity in other venture (6,070) (5,368)

Total costs and expenses 420,137 475,538

Operating loss (320,137) (375,538)

Other income:

Interest income 649,642 551,73
'/>"/>