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Halozyme Therapeutics Reports 2008 Third Quarter Financial Results
Date:11/6/2008

p> HALOZYME THERAPEUTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2008 AND DECEMBER 31, 2007

September 30, December 31,

2008 2007

(unaudited)

ASSETS:

Cash and cash equivalents $72,493,045 $97,679,085

Accounts receivable 1,495,855 779,825

Inventory 525,428 703,468

Prepaid expenses and other assets 3,715,018 2,014,680

Total current assets 78,229,346 101,177,058

Property and equipment, net 2,523,767 2,283,316

Total Assets $80,753,113 $103,460,374

LIABILITIES AND STOCKHOLDERS' EQUITY:

Accounts payable $4,140,976 $3,055,637

Accrued expenses 3,705,304 2,502,259

Deferred revenue 3,216,080 3,306,225

Total current liabilities 11,062,360 8,864,121

Deferred revenue,

net of current portion 37,731,528 35,963,266

Deferred rent,

net of current portion 1,073,416 865,063

Stockholders' Equity:

Common stock 81,113 77,904

Additional paid-in capital 127,628,664 122,685,443

Accumulated deficit (96,823,968) (64,995,423)

Total stockholders' equity 30,885,809 57,767,924

Total Liabilities and

Stockholders' Equity $80,753,113 $103,460,374

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SOURCE Halozyme Therapeutics, Inc.
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