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Idenix Pharmaceuticals Reports Second Quarter and Six Month Financial Results
Date:7/29/2008

366) $(34,471)

Basic and diluted net

loss per share: ($0.34) ($0.41) ($0.70) ($0.61)

Shares used in

calculation of basic

and diluted net loss

per share: 56,359 56,170 56,316 56,148

(1) Stock-based compensation expenses included in operating expenses

amounted to approximately:

Research and development $467 $723 $1,127 $1,891

Selling, general and

administrative 876 1,296 1,755 2,533

IDENIX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

(UNAUDITED)

June 30, December 31,

2008 2007

ASSETS

Cash and cash equivalents $ 54,062 $ 48,260

Marketable securities 16,270 39,862

Receivables from related party 1,727 11,196

Other current assets 3,221 4,401

Total current assets 75,280 103,719

Intangible asset, net 12,968 13,548

Property and equipment, net 14,873 15,460

Marketable securities, non-current 10,308 23,882

Other assets 3,852 3,931

Total assets $ 117,281 $ 160,540

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses $ 15,953 $ 21,809

Deferred revenue, related party 7,766 8,372

Other current liabilities 64
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SOURCE Idenix Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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