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InterMune Announces Fourth Quarter and Full Year 2007 Financial Results and Provides 2008 Guidance

InterMune, Inc.


(unaudited, in thousands, except per share amounts)

Three Months Ended Year Ended

December 31 December 31

2007 2006 2007 2006

Revenue, net

Actimmune $8,809 $19,354 $53,420 $90,317

Collaboration revenue 818 467 13,272 467

Total revenue, net 9,627 19,821 66,692 90,784

Costs and expenses:

Cost of goods sold 2,058 8,551 14,109 24,608

Research and development 24,983 25,435 105,816 103,849

General and

administrative 6,606 10,370 29,572 40,372

Acquired research and

development 6,225 - 13,725 -

Provision for government

settlement - - - 36,944

Restructuring charges - - 10,246 -

Total costs and

expenses 39,872 44,356 173,468 205,773

Loss from operations (30,245) (24,535) (106,776) (114,989)

Interest income 2,945 2,859 10,699 9,512

Interest expense (696) (599) (2,881) (1,542)

Other income (expense) (111) 1,224 2,215 1,057

Loss from continuing

operations before income

taxes (28,107) (21,051) (96,743) (105,962)

Income tax benefit (2,275) - (2,275) -

Loss from continuing<

SOURCE InterMune, Inc.
Copyright©2008 PR Newswire.
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