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Genaera Corporation Announces Third Quarter Financial Results
Date:11/9/2007

1.30)

Weighted average shares

outstanding -

basic and diluted 17,456 17,430 17,449 13,506

CONDENSED BALANCE SHEETS

(Unaudited)

(In thousands)

September 30, December 31,

2007 2006

Cash, cash equivalents and investments $23,205 $33,806

Prepaid expenses and other current assets 659 629

Fixed assets, net 458 759

Other assets 56 56

Total assets $24,378 $35,250

Current liabilities $2,053 $2,427

Long-term liabilities 70 1,770

Stockholders' equity 22,255 31,053

Total liabilities and stockholders'

equity $24,378 $35,250


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