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Kosan Announces Third Quarter 2007 Financial Results
Date:11/8/2007

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Research and development $12,299 8,712 $33,381 28,362

General and administrative $1,851 1,632 $6,054 5,733

Total operating expenses 14,150 10,344 39,435 34,095

Loss from operations (12,203) (8,175) (22,364) (26,299)

Other income, net 1,070 635 3,187 1,389

Net loss $(11,133) $(7,540) $(19,177) $(24,910)

Basic and diluted net loss per

common share $(0.26) $(0.22) $(0.46) $(0.76)

Shares used in computing basic and

diluted net loss per common share 42,528 34,573 41,384 32,778

Condensed Balance Sheets

(in thousands)

September 30, December 31,

2007 2006

(unaudited)

Cash, cash equivalents, restricted

cash $81,650 $64,087

and marketable securities

Total assets $89,095 $71,187

Deferred revenue $7,497 $19,591

Total liabilities $20,718 $29,433

Total liabilities and stockholders'

equity $89,095 $71,187

Shares issued and outstanding 42,584 35,390


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SOURCE Kosan Biosciences Incorporated
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