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Pharmos Corporation Reports 2007 Third Quarter Results
Date:10/30/2007

,923,189 8,516,471 5,504,016

General and

administrative 1,200,594 2,730,064 4,998,725 7,038,607

Depreciation and

amortization 57,946 77,034 194,581 241,912

Total operating

expenses 3,732,191 4,730,287 13,709,777 12,784,535

Loss from

operations (3,732,191) (4,730,287) (13,709,777) (12,784,535)

Other income (expense)

Interest income 198,703 482,907 753,302 1,407,237

Change in value

of warrants - 7,051 11,435 28,779

Other (expense)

income (5,067) (1,224) (15,987) 5,904

Other income,

net 193,636 488,734 780,724 1,441,920

Net loss ($3,538,555) ($4,241,553) ($12,929,053) ($11,342,615)

Net loss per share

- basic and diluted ($0.14) ($0.22) ($0.51) ($0.60)

Weighted average

shares outstanding

- basic and

diluted 25,600,920 19,062,945 25,588,540 19,054,413

Select Consolidated Balance Sheet Data

September 30, 2007 December 31, 2006

Cash and short-term investments $13,863,077 $25,929,686

Working capital $12,166,242 $24,168,153

Shareholder's equity $12,574,484 $24,428,050


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SOURCE Pharmos Corporation
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