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ImaRx Therapeutics Reports First Quarter Ended 2008 Financial Results
Date:5/15/2008

ities. Subsequent to the end of the quarter, the Company paid $5.2 million to satisfy all outstanding liabilities to Abbott Laboratories, including the $10.8 million balance on the $15 million non-recourse note. ImaRx also recently signed a letter of intent to sell its urokinase assets to Microbix Biosystems for $17 million in cash. Since signing the agreement with Abbott and assuming the transaction with Microbix closes, management believes that there will be sufficient cash resources for at least the next 12 months.

Conference Call and Webcast Information

Management will host a conference call to review financial results for the quarter ended March 31, 2008 and recent business developments. The call is scheduled for today, May 15, 2008, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). To participate in the live conference call, U.S. residents should dial 877-407-4018, and international callers should dial 201-689-8471. Alternatively, log on to http://www.imarx.com to access a live webcast of the call. Please connect to the Investor section of ImaRx's website several minutes prior to the start of the live conference call to ensure adequate time for any software download that may be necessary. To access the 48-hour telephone replay, U.S. residents should dial 877-660-6853, and international callers should dial 201-612-7415. The account number for the replay is 3055, and the conference ID number is 284385. A replay of the webcast will also be available on http://www.imarx.com 14-days following the call.

About ImaRx Therapeutics

ImaRx Therapeutics is a biopharmaceutical company developing and commercializing therapies for vascular disorders. The Company's research and development efforts are focused on therapies for stroke and other vascular disorders using its proprietary microbubble technology. The Company's commercialization efforts are c
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SOURCE ImaRx Therapeutics, Inc.
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