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NPS Pharmaceuticals Reports 2007 Financial Results
Date:3/13/2008

(Financial statements to follow)

NPS PHARMACEUTICALS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

Revenues $33,981 $24,066 $86,248 $48,502

Costs and expenses:

Cost of goods sold 3,305 511 6,180 1,413

Cost of royalties 1,297 1,026 4,659 2,980

Cost of license fees 1,547 -- 1,547 --

Research and

development 10,603 13,333 38,723 68,411

General and

administrative 9,331 9,772 26,998 52,177

Restructuring charges 1,133 (61) 13,386 8,179

Total operating

expenses 27,216 24,581 91,493 133,160

Other operating (gains)

and losses, net (29,925) 8,297 (38,210) 8,297

Operating income

(loss) 36,690 (8,812) 32,965 (92,955)

Other expense, net (14,631) (5,173) (32,768) (19,713)

Income (loss) before

income tax expense 22,059 (13,985) 197 (112,668)

Income tax expense 854 -- 854 --

Net income (loss) $21,205 ($13,985) ($657) ($112,668)

Net income (loss) per

common and potential

common share:

Basic $0.45 ($0.30) ($0.01) ($2.43)

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SOURCE NPS Pharmaceuticals, Inc.
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