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ExonHit Therapeutics - 2007 Financial Results
Date:3/5/2008

p>Increase (decrease) in cash from:

Inventory (42) (27)

Accounts receivable (1,392) 706

Grants receivable 112 16

Research tax credit receivable 1,603 1,449

Accounts payable

and accrued expenses (98) 463

Accrued compensation 235 (16)

Other current liabilities - -

Prepaid expenses and other assets (403) (61)

Deferred income, short term 1,076 (240)

Deferred income, long term (860) (372)

Net cash used in operating activities (3,940) (4,934)

INVESTING ACTIVITIES

Purchase of property and equipment (757) (1,051)

Payment of patent and acquisition

of other intangibles 416 174

Net cash used in investing activities (340) (877)

FINANCING ACTIVITIES

Proceeds from loans 13,522 -

Repayment of loans and capital lease (414) 345

Issuance of shares (net of fees) 1,585 12,977

Net cash provided by (used in)

financing activities 14,693 13,322

Net increase (decrease) in cash

and cash equivalents 10,413 7,511

Effects of exchange rate on cash (41) (141)

Cash and cash equivalents, beginning of period 13,601 23,972

Cash and cash equivalents, end of period 23,972 31,342 <
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SOURCE ExonHit Therapeutics SA
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