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SuperGen Reports 2008 First Quarter Financial Results
Date:4/28/2008

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Total revenues 8,138 4,415

Costs and operating expenses:

Cost of product revenue - 221

Research and development 7,946 5,063

Selling, general, and administrative 3,077 3,575

Gain on sale of products (1,000) -

Total costs and operating expenses 10,023 8,859

Loss from operations (1,885) (4,444)

Interest income 806 944

Other income (expense) 9 1

Loss before income tax benefit (1,070) (3,499)

Income tax benefit - 170

Net loss $(1,070) $(3,329)

Basic and diluted net loss per common share $(0.02) $(0.06)

Weighted average shares used in basic and diluted

net loss per common share calculation 57,520 55,456

SUPERGEN, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

March 31, December 31,

2008 2007

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents $86,305 $78,055

Marketable securities - 9,375

Accounts receivable, net 45 71

Accounts receivable from Mayne Pharma 7 58

Prepaid expe
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SOURCE SuperGen Inc.
Copyright©2008 PR Newswire.
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