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CuraGen Reports Second Quarter 2009 Financial Results
Date:7/31/2009

ecent Form 10-K, which was filed with the SEC on March 2, 2009. Information about the directors and executive officers of CuraGen are set forth in CuraGen's Form 10-K/A filed with the SEC on April 30, 2009 and proxy statement filed with the SEC on May 19, 2009. As of July 31, 2009, CuraGen's directors and executive officers beneficially owned approximately 4.8% of CuraGen's common stock. Investors may obtain additional information regarding the interests of Celldex and its directors and executive officers, and CuraGen and its directors and executive officers, in the proposed transaction by reading the Joint Proxy Statement/Prospectus regarding the transaction when it becomes available.

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

CRGN-F

                                 CURAGEN CORPORATION
                          CONDENSED STATEMENTS OF OPERATIONS
                         (in thousands, except per share data)


                                      Three Months Ended  Six Months Ended
                                            June 30,         June 30,
                                            --------         --------
                                           2009   2008      2009     2008
                                           ----   ----      ----     ----
                                           (unaudited)       (unaudited)

    Collaboration revenue                $-      $1,152   $-        $1,174
                                          -----   -----    ------    -----


    Operating expenses:
     Research and development             1,815    3,635    3,
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SOURCE CuraGen Corporation
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