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SemBioSys announces first quarter 2008 financial and operational results
Date:5/9/2008

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26,682,870 31,295,699

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SemBioSys Genetics Inc.

Consolidated Statements of Loss, Comprehensive Loss and Deficit

(Unaudited)

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(expressed in Canadian dollars, except shares)

Three month period ended

March 31, March 31,

2008 2007

$ $

Revenue

Licensing fees 50,110 437,012

Contract research - 105,776

Product sales 159,917 -

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210,027 542,788

Expenses

Research and development 2,794,103 1,743,973

General and administration 1,395,275 1,023,711

Intellectual property costs 342,330 528,249

Business development 159,630 309,474

Sales and marketing 153,160 -

Cost of products sold 271,745 -

Stock-based compensation 179,903 179,050

Amortization 493,834 228,058

Cost recoveries (532,369) (69,107)


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SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
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