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Emisphere Technologies, Inc. Announces 2008 First Quarter Financial Results
Date:5/7/2008

Conference Call/Webcast to be Held Wednesday, May 7, 2008 at 10:00 AM EDT

CEDAR KNOLLS, N.J., May 7 /PRNewswire-FirstCall/ -- Emisphere Technologies, Inc. (Nasdaq: EMIS) today announced its financial results for the first quarter ended March 31, 2008.

Emisphere will host a conference call to discuss first quarter results at 10:00 AM EDT Wednesday, May 7, 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: 1-800-895-0198 (United States and Canada) or 1-785-424-1053 (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 1-800-688-7036 (United States and Canada) or 1-402-220-1346 (International).

Emisphere will conduct its Annual Stockholders Meeting on Thursday, May 8, 2008, at the Westin Governor Morris Inn, Two Whippany Road, Morristown, New Jersey at 10:00 AM EDT.

FIRST QUARTER FINANCIAL RESULTS

Emisphere reported a net loss of $3.9 million, or $0.13 per basic share and $0.13 per diluted share for the quarter ended March 31, 2008, compared to a net loss of $3.9 million, or $0.14 per basic share and $0.26 diluted share for the quarter ended March 31, 2007. The first quarter operating loss was $6.5 million, compared to an operating loss of $7.1 million for the same period last year.

Total operating expenses were $6.6 million for the quarter ended March 31, 2008, a decrease of $3.3 million, or 33%, compared to the same period last year. Total operating expenses include research and development costs of $3.8 million
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SOURCE Emisphere Technologies, Inc.
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