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

12) $(6,097) $(6,198)

Deficit, beginning of

period (127,817) (111,151) (124,717) (108,665)

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Deficit, end of period $(130,814) $(114,863) $(130,814) $(114,863)

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Basic and diluted loss

per common share $(0.03) $(0.05) $(0.06) $(0.08)

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Weighted avg. number of

common shares outstanding

(000's) 94,464 74,505 94,464 74,202

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STATEMENTS OF CASH FLOWS

Unaudited - In Thousands

of Canadian dollars 2007 2006 2007 2006

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Loss for the period $(2,997) $(3,712) $(6,097) $(6,198)

Items not affecting cash:

Amortization 117 233 254 459

Stock-based compensation 52 88 185 235

Issuance of deferred

share units - 96 - 96

Accretion of convertible

royalty participation

units 425 419 846 719

Changes in non-cash

working capital items

relating to operating

activities 274 619 261 (676)

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SOURCE MIGENIX Inc.
Copyright©2007 PR Newswire.
All rights reserved

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