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Human Genome Sciences Announces First Quarter 2009 Financial Results and Key Developments
Date:4/29/2009

nome Sciences undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances or otherwise.

(See selected financial data on following pages.)

    HUMAN GENOME SCIENCES, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS

                                                Three Months Ended March 31,
                                                   2009             2008
                                         (dollars in thousands, except share
                                                 and per share amounts)
    Revenue:
      Product sales                             $127,769              $-
      Manufacturing and development services      29,116               -
      Research and development collaborative
       agreements                                 20,392          12,275
        Total revenue                            177,277          12,275

    Costs and expenses:
      Cost of product sales                        8,177               -
      Cost of manufacturing and development
       services                                    3,351               -
      Research and development expenses           53,675          72,691
      General and administrative expenses         14,279          16,011
        Total costs and expenses (a)              79,482          88,702
    Income (loss) from operations                 97,795         (76,427)
    Investment income                              4,296           6,707
    Interest expense                             (15,730)        (15,517)
    Gain on extinguishment of debt                38,873               -
    Gain on sale of long-term equity investment    5,259          32,518
    Other expense                                   (680)              -
    Income (loss) before taxes                   129,813         (52,719)
    Provision for inc
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SOURCE Human Genome Sciences, Inc.
Copyright©2009 PR Newswire.
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