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Cadus Reports Third Quarter 2007 Results
Date:11/13/2007

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Cash and cash equivalents $25,686,189 $24,602,202

Prepaid and other current assets 46,459 5,210

Investment in marketable securities -- 628,585

Total current assets 25,732,648 25,235,997

Investment in other ventures 183,416 173,427

Patents, net 572,443 637,267

Total assets $26,488,507 $26,046,691

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accrued expenses and other current

liabilities $94,612 $61,307

Total current liabilities 94,612 61,307

Commitments

Stockholders' equity:

Common stock 132,857 132,857

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

Accumulated deficit (33,283,242) (33,183,960)

Accumulated other comprehensive

(loss) income -- (507,793)

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

Total stockholders' equity 26,393,895 25,985,384

Total liabilities and

stockholder's equity $26,488,507 $26,046,691

CADUS CORPORATION

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

September 30,

2007 2006

License and maintenance fees $- $-

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SOURCE Cadus Corporation
Copyright©2007 PR Newswire.
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