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Idenix Pharmaceuticals Reports Fourth Quarter and Year End Financial Results
Date:2/17/2009

impairment charges -- 2,305 297 8,744 Total operating expenses 18,130 33,364 83,059 159,932 Loss from operations (13,862) (20,762) (73,010) (91,904) Investment and other income (expense), net (780) 4,389 781 9,887 Loss before income taxes (14,642) (16,373) (72,229) (82,017) Income tax benefit (expense) 693 (1,122) 2,023 (498) Net loss $(13,949) $(17,495) $(70,206) $(82,515) Basic and diluted net loss per share: ($0.25) ($0.31) ($1.24) ($1.47) Shares used in calculation of basic and diluted net loss per share: 56,524 56,189 56,403 56,169 (1) Stock-based compensation expenses included in operating expenses amounted to approximately: Research and development $440 $560 $2,005 $3,005 Selling, general and administrative 790 899 3,397 4,758 Restructuring and impairment charges -- -- -- 968




                          IDENIX PHARMACEUTICALS, INC.

                     CONDENSED CONSOLIDATED BALANCE SHEETS

                                 (IN THOUSANDS)

                                   (UNAUDITED)

                                               December 31,     December 31,
                                                   2008             2007

    ASSETS
    Cash and cash equivalents                     $41,509          $48,260
    Marketable securities                           1,424           39,862
    Receivables from related party                    894           11,196
    Other current assets                            6,214            4,401
      Total current assets                         50,041          103,719
    Int
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SOURCE Idenix Pharmaceuticals, Inc.
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