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

385,292 420,137

Operating loss (285,292) (320,137)

Other income:

Interest income 408,530 649,642

Gain on sale of securities 3,125 --

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

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

Loss before provision for income taxes (153,543) (338,741)

Provision for income taxes 1,658 768

Net loss ($155,201) ($339,509)

Basic and diluted loss per weighted

average share of common stock outstanding ($0.01) ($0.03)

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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