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Nile Therapeutics Reports 2007 Fourth Quarter and Full Year Financial Results
Date:3/13/2008

101,400

Operating expenses:

Research and development 1,527,457 5,124,292

General and administrative 1,193,180 4,477,567

Total operating expenses 2,720,637 9,601,859

Loss from operations 2,720,637 9,500,459

Basic and diluted operating

loss per share (0.11) (0.56)

Interest income (net) 204,071 (802,336)

Net loss (2,516,566) (10,302,795)

Basic and diluted loss per share (0.10) (0.61)

Weighted-average common

shares outstanding 24,099,716 16,942,142

SUMMARY BALANCE SHEET DATA

December 31, 2007

Cash and cash equivalents 16,233,464

Total assets 17,089,328

Stockholders' equity 15,199,931


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SOURCE Nile Therapeutics, Inc.
Copyright©2008 PR Newswire.
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