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Interleukin Genetics Reports Third Quarter 2008 Financial Results
Date:11/13/2008

WALTHAM, Mass., Nov. 13 /PRNewswire-FirstCall/ -- Interleukin Genetics, Inc. (Amex: ILI) today announced financial and business results for the third quarter ended September 30, 2008.

The Company reported a net loss of $1.6 million, or $(.05) per basic and diluted common share, for the third quarter of 2008 compared to a net loss of $1.1 million, or $(.04) per basic and diluted common share, for the same period last year.

"Collaborations are an important element of Interleukin Genetics' strategic plan to distribute and develop new, high value genetic tests, and we were pleased to lay significant groundwork for new partnerships this quarter," commented Lewis H. Bender, Chief Executive Officer. "Our revised agreement with Access Business Group International, the product development group at Alticor, now provides us with the opportunity to pursue new partners to help distribute our genetic tests and to form additional collaborations around our intellectual property. In addition, we executed a new license agreement with OralDNA to market our PST Genetic Test as an assessment of risk for periodontal disease and established a research collaboration with Geisinger Health System to explore the role of genetics in obesity."

Revenue for the third quarter of 2008 was $2.2 million, compared to $2.6 million for the same period last year. The decrease in revenue is attributable to a decrease in consumer product sales and lower contract research and development revenue from Alticor.

Research and development expenses were $933,000 for the third quarter of 2008 compared to $786,000 for the same period last year. The increase is primarily attributable to expenses relating to the Company's sponsored research agreement with Yonsei
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SOURCE Interleukin Genetics, Inc.
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4. Interleukin Genetics Licenses its PST(R) Genetic Test to OralDNA Labs
5. Interleukin Genetics Announces Conference Call and Webcast to Discuss Second Quarter 2008 Business Results
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