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IDM Pharma Reports 2008 Financial Results
Date:3/31/2009

000) Net loss $(1,857,000) $(2,682,000) $(18,606,000) $(18,350,000) Weighted average number of shares outstanding 25,451,015 25,146,206 25,265,558 21,075,738 Basic and diluted loss per share $(0.07) $(0.11) $(0.74) $(0.87) Comprehensive loss: Net loss $(1,857,000) $(2,682,000) $(18,606,000) $(18,350,000) Other comprehensive (loss) gain (99,000) 1,094,000 (617,000) 2,041,000 $(1,956,000) $(1,588,000) $(19,223,000) $(16,309,000)
                                     IDM PHARMA, INC.
                           CONDENSED CONSOLIDATED BALANCE SHEETS
                                        (unaudited)

                                              December 31,      December 31,
                                                    2008              2007

    ASSETS
    Current assets:
     Cash and cash equivalents                 $12,752,000       $28,382,000
     Other current assets                          755,000         4,786,000
    Total current assets                        13,507,000        33,168,000

    Property and equipment, net                    242,000           513,000
    Patents, trademarks and other licenses, net  2,642,000         2,734,000
    Goodwill                                     2,812,000         2,812,000
    Other long-term assets                         473,000           832,000
    Total Assets                               $19,676,000       $40,059,000

    LIABILITIES AND STOCKHOLDERS' EQUITY
     Common stock warrants                      $3,522,000          $450,000
     Other current liabilities                   5,794,000        11,712,000
     Other liabilities                           1,211,000         1,874,000
     Stockholders' equity                        9,149,000        26,023,000
    Total liabilities and
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SOURCE IDM Pharma, Inc.
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