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Emisphere Technologies, Inc. Announces 2007 Fourth Quarter and Year End Financial Results
Date:3/17/2008

Conference Call/Webcast to be Held Wednesday, March 19 at 10:00 AM EDT

CEDAR KNOLLS, N.J., March 17 /PRNewswire-FirstCall/ -- Emisphere Technologies, Inc. (Nasdaq: EMIS) today announced its financial results for the fourth quarter and year ended December 31, 2007.

Emisphere will host a conference call to discuss fourth quarter results at 10:00 AM EDT Wednesday, March 19, 2008. A live webcast of the conference call can be accessed through the Company's web site at: http://www.emisphere.com. The live conference call dial-in number is: 1-888-710-4011 (United States and Canada) or 1-913-312-0947 (International). In addition, an archive of the webcast can be accessed through the same link; an audio replay of the call will be available following the conference call by calling 1-888-203-1112 (United States and Canada) or 1-719-457-0820 (International). The conference replay PIN is 3149335.

FOURTH QUARTER FINANCIAL RESULTS

Emisphere reported a net loss of $3.9 million, or $0.13 per basic and $0.18 per diluted share for the quarter ended December 31, 2007, compared to a net loss of $3.0 million, or $0.11 per basic and $0.30 diluted share for the quarter ended December 31, 2006. The fourth quarter operating loss was $7.5 million, compared to an operating loss of $8.4 million for the same period last year.

Total operating expenses were $7.8 million for the 2007 fourth quarter, a decrease of $0.9 million or 11% compared to the same period last year. Total operating expenses include research and development costs of $4.2 million (a decrease of $0.5 million or 11% compared to last year's fourth quarter) and general and administrative expenses of $3.3 million (an incr
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SOURCE Emisphere Technologies, Inc.
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