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Helix BioPharma Corp. Announces Fiscal 2008 Results
Date:10/28/2008

3,424 3,965

Expenses:

Cost of sales 1,239 1,139 1,341

Research and development 5,064 4,116 3,368

Operating, general

and admin 4,757 4,418 3,722

Amortization of

intangibles 16 159 594

Amortization of

capital assets 254 287 315

Stock-based compensation 44 47 1,710

Interest income (645) (496) (270)

Foreign exchange

loss (gain) (327) (9) 16

Impairment of intangibles - 1,332 -

------------------------

10,402 10,993 10,796

Loss before income taxes (6,811) (7,569) (6,831)

Income taxes 153 105 108

------------------------

Loss for the year (6,964) (7,674) (6,939)

========================

Loss per share:

Basic (0.16) (0.22) (0.22)

Diluted (0.16) (0.22) (0.22)

Consolidated Statements of Cash Flows (thousand $)

--------------------------------------------------

2008 2007 2006

------------------------

Cash provided by (used in):

Loss for the year (6,964) (7,674) (6,939)

Items not involving cash:

Amortization of

capital assets 254 287 315

Amortization of intangibles 16 159 594

Stock-based compensation 44 47 1,710

Impairment of intangibles - 1,332 -

Foreign exchange

loss (gain) (327) (9) 16


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SOURCE Helix BioPharma Corp.
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