MIGENIX Reports Second Quarter Fiscal Year 2008 Financi...(ew accounting standards Deferred ...)

standards Deferred transaction costs are netted against the

convertible royalty participation units in liabilities.

STATEMENTS OF LOSS,

COMPREHENSIVE LOSS AND

DEFICIT

Unaudited - In Thousands Three months ended Six months ended

Canadian dollars (except October 31, October 31,

per share amounts) 2007 2006 2007 2006

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Revenue

Research and development

collaboration - - 6 -

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$ - $ - $6 $ -

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Expenses

Research and development 1,754 2,165 3,457 3,506

General and corporate 843 1,016 1,830 1,805

Amortization 117 233 254 459

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$2,714 $3,414 $5,541 $5,770

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Loss before other income

(expense) $(2,714) $(3,414) $(5,535) $(5,770)

Accretion of convertible

royalty participation

units (425) (419) (846) (719)

Interest income 127 130 270 274

Foreign exchange gain

(loss) 15 (9) 14 17

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Loss and comprehensive

loss for the period $(2,997) $(3,7
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