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CuraGen Reports Fourth Quarter 2008 Financial Results; Provides Milestone and Financial Guidance for First Half of 2009
Date:1/29/2009

---- ---- (unaudited) Cash and investments $87,664 $100,444 Restricted cash - 14,533 - ------ Total cash and investments and restricted cash 87,664 114,977 ====== ======= Working capital 84,044 107,844 ====== ======= Total assets 88,546 119,282 ====== ======= 4% Convertible subordinated notes due 2011 18,967 69,890 ====== ====== Total long-term liabilities 18,967 70,975 ====== ====== Accumulated deficit 462,793 487,574 ======= ======= Stockholders' equity 65,465 38,465 ====== ====== Contacts: Sean Cassidy Vice President and Chief Financial Officer scassidy@curagen.com 203 871-4400


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