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InterMune Reports Second Quarter 2008 Financial Results and Business Highlights

InterMune, Inc.


(unaudited, in thousands, except per share amounts)

Three Months Ended Six Months Ended

June 30 June 30

2008 2007 2008 2007

Revenue, net

Actimmune $7,296 $14,533 $15,792 $34,058

Collaboration revenue 818 10,818 1,636 11,636

Total revenue, net 8,114 25,351 17,428 45,694

Costs and expenses:

Cost of goods sold 2,398 3,276 5,584 8,560

Research and development 25,461 27,956 52,642 57,395

General and

administrative 7,119 7,090 14,586 16,586

Restructuring charges - 8,596 - 9,929

Total costs and

expenses 34,978 46,918 72,812 92,470

Loss from operations (26,864) (21,567) (55,384) (46,776)

Interest income 1,272 2,544 3,432 5,244

Interest expense (1,910) (745) (2,581) (1,459)

Other income (expense) 987 (40) 1,268 2,522

Loss from continuing

operations before income

taxes (26,515) (19,808) (53,265) (40,469)

Income tax benefit - - (325) -

Loss from continuing

operations (26,515) (19,808) (52,940) (40,469)

Discontinued operations:

Income (loss) from

discontinued operations (4) 16 74 (128)

Net loss $(26,519) $(19,792) $(52,866) $(40,597)

Basic and diluted loss per


SOURCE InterMune, Inc.
Copyright©2008 PR Newswire.
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