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MIGENIX Reports Second Quarter Fiscal Year 2008 Financial Results
Date:12/13/2007

ng 4,000,000 Series E preferred shares for the aggregate sum of US$1 based on the expiry of the milestone obligations associated with these preferred shares.

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Conference Call

Investors, analysts and the media are invited to participate in a

conference call and webcast on Thursday, December 13, 2007 at

11:00 a.m. ET (8:00 a.m. PT) to discuss this announcement. An update on

company activities will also be provided. To participate in the

conference call, please dial 416-644-3418 or 1-800-732-1073. The call

will be available for replay until December 27, 2007 by calling

416-640-1917 or 1-877-289-8525 and entering the pass code 21255722

followed by the number sign. The live and archived webcast can be

accessed through the company's website at http://www.migenix.com for the next

90 days.

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Selected Financial Highlights

BALANCE SHEETS October 31, April 30,

Unaudited - In Thousands of Canadian dollars 2007 2007

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Assets

Cash and cash equivalents $5,886 $2,945

Short-term investments 4,635 12,365

Other current assets 1,310 1,245

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Total current assets $11,831 $16,555

Long-term investments 1 1

Equipment 906 881

Intangible assets 1,543 1,671
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SOURCE MIGENIX Inc.
Copyright©2007 PR Newswire.
All rights reserved

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