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Cardium Reports on First Quarter 2008 Highlights and Financial Results
Date:5/9/2008

nge Commission. We undertake no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof.

Copyright 2008 Cardium Therapeutics, Inc. All rights reserved.

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Cardium Therapeutics(TM), Corgentin(TM) and Generx(TM) are trademarks of
Cardium Therapeutics, Inc. Tissue Repair(TM), Gene Activated Matrix(TM), GAM(TM) and Excellarate(TM) are
trademarks of the Tissue Repair Company.

InnerCool Therapies(R), InnerCool(R), Celsius Control System(TM),

Accutrol(TM), CoolBlue(TM) and RapidBlue(TM)

are trademarks of InnerCool Therapies, Inc.

- Continued -

Cardium Therapeutics, Inc.

Three Months Ended

March 31,

(Unaudited)

Selected Condensed 2008 2007

Consolidated

Operational Results

Revenues $646,002 $309,331

Cost of goods sold (370,696) (246,565)

Gross profit 275,306 62,766

Research and development 3,372,480 3,242,866

Selling, general and

administrative 3,385,566 2,539,101

Amortization - Intangibles 197,414 207,043

Loss from operations (6,680,154) (5,926,244)

Interest income (expense), net (53,974) 86,395

Net loss
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SOURCE Cardium Therapeutics, Inc.
Copyright©2008 PR Newswire.
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