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

Loss from operations (64,182) (33,763) (16,146) Other income (expense): Interest income, net 1,206 2,020 785 Other income (expense), net 516 - (2) Total other income (expense) 1,722 2,020 783 Net loss $(62,460) $(31,743) $(15,363) Basic and diluted net loss per share $(2.12) $(1.14) $(0.63) Weighted average common shares used in the calculation of basic and diluted net loss per share 29,478 27,932 24,248
                                  MEDIVATION, INC.
                              CONSOLIDATED BALANCE SHEETS
                   (In thousands, except share and per share data)

                                                           December 31,
                                                        2008           2007

    ASSETS
    Current assets:
      Cash and cash equivalents                       $71,454        $43,258
      Short-term investments                          149,968              -
      Receivable from collaboration partner             3,522              -
      Prepaid expenses and other current assets         1,957            991
              Total current assets                    226,901         44,249

    Property and equipment, net                           768            689
    Restricted cash                                       843            500
    Intellectual property, net                             54             58
    Other non-current assets                              706            100
    Total assets                                     $229,272        $45,596

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current liabilities:
      Accounts payable                                 $7,166         $1,747
      Accrued e
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SOURCE Medivation, Inc.
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