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Medivation Reports Year-End 2007 Financial Results and Pipeline Progress

t on Form 10-KSB for the year ended December 31, 2007, include information about additional factors that could affect the Company's financial and operating results.

- financial statements to follow -




December 31, 2007


Current assets:

Cash and cash equivalents $43,258,479

Prepaid expenses and other current assets 990,909

Total current assets 44,249,388

Property and equipment (net of accumulated depreciation and

amortization of $69,474) 688,743

Intellectual property (net of accumulated amortization

of $16,673) 58,327

Other non-current assets 599,601

Total assets $45,596,059


Current liabilities:

Accounts payable $3,884,995

Other current liabilities 149,777

Total current liabilities 4,034,772

Other non-current liabilities 492,109

Series A redeemable preferred stock 11,000

Total liabilities 4,537,881

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.01 par value per share;

1,000,000 shares authorized; no shares issued and outstanding -

Common stock, $0.01 par value per share;


SOURCE Medivation, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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