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Santaris Pharma - Interim Report for the Period 1 January to 30 June 2009
Date:7/14/2009

1m DKK (3,1m EUR) for the same period last year.

Following the refocusing of the Company's activities, the organisation has been significantly reduced and the total research, development and administrative cost for the 2nd quarter of 2009 has, compared with 2nd quarter of last year, been reduced by 21,1m DKK (2,8m EUR). The year to date saving for the period 1 January to 30 June 2009 compared to the same period in 2008 was 29,7m DKK (4,0 EUR).

The Net Financial Income in the first half of 2009 was 9,6m DKK (1,3m EUR) compared to 6,3m DKK (0,8m EUR) in 2008.

Balance Sheet and Cash Flow

As at June 30 2009, the Company had total assets of 234,6m DKK (31,5m EUR) of which the Cash & Cash Equivalents amounted to 175,4m DKK (23,6m EUR). This cash position is, subject to the Company's receipt of certain milestone payments related to the ongoing collaboration activities, expected to be sufficient to finance the Company's operations beyond 2010.

The total Equity on June 30 2009 amounts to 187,5m DKK (25,2m EUR).

See Income Statement, Balance sheet, Statement of Change in Equity, Cash Flow statement, and Cap Table through this link: http://www.santaris.com/Library/documents/Santaris_Pharma_Interim_Report_1_Ja nuary_to_30_June_2009.pdf

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MANAGEMENT'S STATEMENT

The Board of Directors and Executive Management today considered and approved the Interim Report for the period 1 January to 30 June 2009. The Interim Report, which is unaudited and unreviewed, is presented in accordance with international accounting standards. We consider the accounting policies to be appropri
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SOURCE Santaris Pharma
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