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Medarex Announces 2008 Third Quarter Financial Results
Date:10/30/2008

23(R). FAS 123(R) requires companies to record

stock-based payments in the financial statements using a fair value

method.

In addition to excluding the items described in footnotes 1 and 2 above, items have been excluded based upon management's evaluation (on an individual basis) of both quantitative and qualitative aspects of the item, including, (i) size and nature, (ii) whether it relates to our ongoing business operations, and (iii) whether management expects it to occur as part of our normal business on a regular basis. Those additional items excluded for purposes of determining non-GAAP net loss and non-GAAP net loss per share are gain on sales of Genmab stock, equity in net loss of affiliate, acquisition of in-process technology and impairment loss on investments in partners.


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SOURCE Medarex, Inc.
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