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Catalyst Pharmaceutical Partners Reports Second Quarter 2008 Financial Results
Date:8/15/2008

Ended June 30, Ended June 30,

2008 2007 2008 2007

Revenues $ - $ - $ - $ -

Operating costs and

expenses:

Research and

development 1,902,144 1,002,780 2,986,503 1,815,300

General and

administrative 561,533 434,208 1,201,206 1,118,834

Total operating

costs and expenses 2,463,677 1,436,988 4,187,709 2,934,134

Loss from operations (2,463,677) (1,436,988) (4,187,709) (2,934,134)

Interest income 86,237 228,858 226,222 473,926

Loss before income

taxes (2,377,440) (1,208,130) (3,961,487) (2,460,208)

Provision for income

taxes - - - -

Net loss $(2,377,440) $(1,208,130)$(3,961,487) $(2,460,208)

Loss per share - basic

and diluted $(0.19) $(0.10) $(0.32) $(0.20)

Weighted average shares

outstanding - basic and

diluted 12,567,226 12,527,564 12,560,085 12,523,210

CATALYST PHARMACEUTICAL PARTNERS, INC.

(a development stage company)

CONDENSED BALANCE SHEETS

June 30, December 31,

2008 2007

(unaudited)

ASSETS

Current Assets:

Cash and cash equivalents $13,084,108 $15,943,896

Interest receivable 24,167 63,709

Prepaid expenses 288,318 524,081

Total current asse
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SOURCE Catalyst Pharmaceutical Partners, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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