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ImaRx Therapeutics Reports Business Update and Financial Results for Fourth Quarter and Full Year 2007

for the funding and continued development of the SonoLysis technology; the Company's efforts to extend the expiration dating on future lots of urokinase; the Company's belief that its labeled inventory will be sufficient to meet market demand through September 2009; Microbix's ability to transfer the urokinase manufacturing process; the Company expect that it will close the transaction with Abbott in the second quarter of 2008; and the Company's belief that it will have sufficient cash resources for at least the next 12 months. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. A more complete description of these risks and the event that may cause such events not to occur can be found in the Company's filings with the Securities and Exchange Commission. All information in this press release is as of March 31, 2008, and the Company undertakes no duty to update this information.
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ImaRx Therapeutics, Inc.

Consolidated Statements of Operations

(in thousands except share and per share data)

Three Months Ended Year Ended

December 31 December 31

2006 2007 2006 2007



Product sales, net $226 $2,472 $480 $7,841

Research and development 481 178 848 519

Total operating revenue 707 2,650 1,328 8,360

Costs and expenses:

Cost of product sales 204 989 204 3,518

Research and development 2,589 2,033 9,067 7,424

SOURCE ImaRx Therapeutics, Inc.
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