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Medivation Reports Fourth Quarter and Year-End 2008 Financial Results and Provides Corporate Update
Date:3/16/2009

torical fact may be deemed to be forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause Medivation's actual results to differ significantly from those projected, including, without limitation, risks related to progress, timing and results of Medivation's clinical trials, difficulties or delays in obtaining regulatory approval, enrollment of patients in Medivation's clinical trials, partnering of Medivation's product candidates, manufacturing of Medivation's product candidates, competition with Medivation's product candidates should they receive marketing approval, the adequacy of Medivation's financial resources, unanticipated expenditures or liabilities, intellectual property matters, and other risks detailed in Medivation's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2008 filed today with the SEC. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Medivation disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release.

                       ~financial statements to follow~

                                      MEDIVATION, INC.
                           CONSOLIDATED STATEMENTS OF OPERATIONS
                           (In thousands, except per share data)

                                                Year ended December 31,
                                             2008         2007         2006

    Collaboration revenue                  $12,578         $-           $-

    Operating expenses:
       Research and development             54,895       23,399       11,825
       Selling, general and administrative  21,865       10,364        4,321

              Total operating expenses      76,760       33,763       16,146


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