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

---- (unaudited) Cash and investments $76,040 $87,664 ======= ======= Working capital $73,753 $84,044 ======= ======= Total assets $76,866 $88,546 ======= ======= 4% Convertible subordinated notes due 2011 $14,142 $18,967 ======= ======= Total long-term liabilities $14,142 $18,967 ======= ======= Accumulated deficit $468,990 $462,793 ======== ======== Stockholders' equity $59,869 $65,465 ======= ======= * Reflects the retroactive application of FASB Staff Position EITF 03-06-1 which requires unvested share based payment awards that contain non-forfeitable rights to dividends or dividend equivalents be participating securities and included in the computation of earnings per share pursuant to the two-class method.

    Contacts:
    Sean Cassidy
    Vice President and Chief Financial Officer

    203 871-4400


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