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MIGENIX Reports Third Quarter Fiscal Year 2008 Financial Results
Date:3/13/2008

$7,829 $6,920

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Shareholders' equity

Common shares $125,156 $124,994

Equity portion of convertible royalty

participation units 4,554 4,554

Contributed surplus 8,056 7,830

Deficit (134,238) (124,717)

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Total shareholders' equity $3,528 $12,661

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Total liabilities and shareholders' equity $11,357 $19,581

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(1) As of May 1, 2007 pursuant to the adoption of new accounting

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 Nine months ended

Canadian dollars (except January 31, January 31,

per share amounts) 2008 2007 2008 2007

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Revenue

Research and development

collaboration - 19 6 19

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- $19 $6 $19

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Expenses

Research and development 1,558 2,118
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SOURCE MIGENIX Inc.
Copyright©2008 PR Newswire.
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