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Cadus Reports Second Quarter 2008 Results
Date:8/14/2008

audited) (Audited)

Current assets:

Cash and cash equivalents $13,536,436 $2,444,376

Short term investments 11,791,197 22,960,545

Interest receivable 31,394 102,518

Prepaid and other current assets 34,192 1,150

Total current assets 25,393,219 25,508,589

Investment in other ventures 190,868 186,790

Patents, net 507,617 550,834

Total assets $26,091,704 $26,246,213

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accrued expenses and other current

liabilities $ 23,044 $22,352

Total current liabilities 23,044 22,352

Commitments

Stockholders' equity:

Common stock 132,857 132,857

Additional paid-in capital 59,847,149 59,847,149

Accumulated deficit (33,611,271) (33,456,070)

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

Total stockholders' equity 26,068,660 26,223,861

Total liabilities and stockholder's

equity $26,091,704 $26,246,213

CADUS CORPORATION

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

June 30,

2008 2007

License and maintenance fees $ -- $ --


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SOURCE Cadus Corporation
Copyright©2008 PR Newswire.
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