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CuraGen Reports Third Quarter 2008 Financial Results
Date:11/3/2008

operations - - - 1.35

Basic net (loss) income per share ($0.07) ($0.18) $0.50 $0.50

Weighted average number of shares

used in computing:

Basic net (loss) income per share 56,822 55,965 56,693 55,699

SELECTED BALANCE SHEET INFORMATION

September 30, December 31,

2008 2007

(unaudited)

Cash and investments $91,428 $100,444

Restricted cash - 14,533

Total cash and investments and restricted cash $91,428 $114,977

Working capital $86,982 $107,844

Total assets $92,585 $119,282

4% Convertible subordinated notes due 2011 $18,967 $69,890

Total long-term liabilities $18,967 $70,975

Accumulated deficit $459,071 $487,574

Stockholders' equity $68,445 $38,465


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SOURCE CuraGen Corporation
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