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Onyx Pharmaceuticals Reports Second Quarter and Six-Month 2008 Financial Results
Date:8/5/2008

,021)

Provision (benefit) for income taxes (60) - 249 -

------ ------ ------ ------

Net income (loss) $4,474 $(10,826) $19,892 $(23,021)

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Net income (loss) per share:

Basic $0.08 $(0.22) $0.36 $(0.49)

------ ------- ------ -------

Diluted $0.08 $(0.22) $0.35 $(0.49)

------ ------- ------ -------

Shares used in computing net income

(loss) per share:

Basic 55,675 48,242 55,531 47,265

------ ------ ------ ------

Diluted 56,472 48,242 56,534 47,265

------ ------ ------ ------

(1) Includes employee stock-based

compensation charges of:

Research and development $809 $734 $1,389 $1,261

Selling, general, and

administrative 3,444 2,900 8,080 5,365

------ ------ ------ ------

$4,253 $3,634 $9,469 $6,626

------ ------ ------ ------

ONYX PHARMACEUTICALS, INC.

CALCULATION OF NET REVENUE FROM UNCONSOLIDATED JOINT BUSINESS

(In thousands, unaudited)

Three Months Ended Six Months Ended

------------------ ----------------

Jun. 30, Jun. 3
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SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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