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Renovis Reports Third Quarter 2007 Financial Results
Date:11/6/2007

7 $2,150 $8,450 $8,278

Operating expenses:

Research and development 5,851 6,858 20,059 20,712

General and administrative 5,654 4,016 17,672 11,649

Total operating expenses 11,505 10,874 37,731 32,361

Loss from operations (10,188) (8,724) (29,281) (24,083)

Other income 1,085 1,290 3,234 3,683

Net loss (9,103) (7,434) (26,047) (20,400)

Basic and diluted net

loss per share $(0.31) $(0.25) $(0.88) $(0.70)

Shares used to compute

basic and diluted net

loss per share 29,729,785 29,303,319 29,626,630 29,153,777

RENOVIS, INC.

Condensed Balance Sheets

(in thousands)

September 30, December 31,

2007 2006

(unaudited) (1)

Assets:

Cash and cash equivalents $41,716 $41,958

Short-term investments 43,976 57,149

Prepaid and other current assets 1,209 928

Total current assets 86,901 100,035

Property and equipment, net 5,640 7,052

Other long-term assets 235 214

$92,776 $107,301

Liabilities and stockholders' equity

Current liabilities $9,959 $10,531

Long-term liabilities 2,152 3,684

Stockholders' equity 80,665 93,086

$92,776 $107,301

(1) Derived from audited financial
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SOURCE Renovis, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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