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Isis Reports Financial Results and Highlights for Second Quarter of 2008
Date:8/7/2008

h GlaxoSmithKline

-- Obtained exclusive rights from Stanford University to worldwide patent

applications covering methods and compositions for antagonizing

miR-181a

-- Selected as one of the FierceBiotech's 'Fierce 15' for 2008

Ibis Biosciences

-- Received an additional $20 million investment from Abbott for a total

of 18.6 percent equity in Ibis, retaining Abbott's exclusive option to

purchase remaining equity by June 30, 2009

-- Extended government contracts that add to Ibis' revenue and fund the

expansion of applications of the Ibis T5000 technology

Conference Call

At 8:30 a.m. Eastern Time today, August 7, Isis will conduct a live webcast conference call to discuss this earnings release and related activities. Interested parties may access the webcast at http://www.isispharm.com or listen to the call by dialing 877-627-6585. A webcast replay will be available for a limited time at the same address.

About Isis Pharmaceuticals, Inc.

Isis is exploiting its expertise in RNA to discover and develop novel drugs for its product pipeline and for its partners. The Company has successfully commercialized the world's first antisense drug and has 18 drugs in development. Isis' drug development programs are focused on treating cardiovascular and metabolic diseases. Isis' partners are developing antisense drugs invented by Isis to treat a wide variety of diseases. Ibis Biosciences, Inc., Isis' majority-owned subsidiary, is developing and commercializing the Ibis T5000(TM) Biosensor System, a revolutionary system to identify infectious organisms. Isis is a joint owner of Regulus Therapeutics LLC, a joint venture focused on the discovery, development and commercialization of microRNA therapeutics. As an innovator in RNA-based drug discovery and development, Isis is the owner or exclusive licensee of over 1,500 iss
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SOURCE Isis Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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