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Idenix Pharmaceuticals Reports Third Quarter and Nine Month Financial Results
Date:10/30/2008

) Stock-based compensation expenses included in operating expenses

amounted to approximately:

Research and

development $439 $553 $1,565 $2,444

Selling, general

and administrative 851 1,326 2,607 3,859

Restructuring and

impairment charges ----- 968 ----- 968

IDENIX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

(UNAUDITED)

September 30, December 31,

2008 2007

ASSETS

Cash and cash equivalents $45,695 $48,260

Marketable securities 6,935 39,862

Receivables from related party 984 11,196

Other current assets 3,218 4,401

Total current assets 56,832 103,719

Intangible asset, net 12,677 13,548

Property and equipment, net 14,054 15,460

Marketable securities, non-current 7,461 23,882

Other assets 4,337 3,931

Total assets $95,361 $160,540

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses $12,165 $21,809

Deferred revenue, related party 5,764 8,372

Other current liabilities 667 553

Total current liabilities 18,596 30,734

Long-term obligations
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SOURCE Idenix Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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