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Monogram Announces Third Quarter 2007 Financial Results
Date:10/24/2007

he prior year's third quarter.

The following non-cash items that were reflected in non-operating income and expense for the periods ended September 30, 2007 and 2006 are excluded from proforma net loss:

-- "Mark-to-market" adjustments to the 3% Senior Secured Convertible Note

and the 0% Convertible Senior Unsecured Debt. Favorable adjustments

of $4.2 million and $4.7 million were recorded in the three and nine

months ending September 30, 2007, respectively. There were no such

adjustments in the prior year, although a favorable adjustment of $2.2

million was recorded at January 1, 2007 for the cumulative effect of

the change in accounting principle at that date. Such adjustments

could be significant and unpredictable in future quarters depending on

several factors, including the level of the Company's common stock

price.

-- "Mark-to-market" adjustments in 2006 to the liability established for

the payment on the CVRs issued as part of the merger consideration for

ACLARA. As the outstanding CVR's were settled in the second quarter of

2006, adjustments are not significant for third and fourth quarters of

2006 or for 2007. An unfavorable adjustment of $16.5 million was

recorded in the nine months ended September 30, 2006.

Conference Call Details

Monogram will host a conference call today at 4:30 p.m. Eastern Time. To participate in the live teleconference please call (877) 548-7912, or (719) 325-4878 for international callers, fifteen minutes before the conference begins. Live audio of the call will be simultaneously broadcast over the Internet and will be available to members of the news media, investors and the general public. Access to live and archived audio of the conference call will be available by following the appropriate links at http://www.monogramb
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SOURCE Monogram Biosciences, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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