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SuperGen Reports 2008 Second Quarter Financial Results
Date:8/4/2008

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Interest income 497 1,040 1,303 1,984

Other than temporary

decline in value of

investments (3,052) - (3,055) -

Other income (expense) (4) 19 9 20

Income (loss) before

income tax provision (4,879) 11,910 (5,949) 8,411

Income tax provision - (833) - (663)

Net income (loss) $(4,879) $11,077 $(5,949) $7,748

Net income (loss) per

common share:

Basic $(0.08) $0.19 $(0.10) $0.14

Diluted $(0.08) $0.19 $(0.10) $0.14

Weighted average shares

outstanding:

Basic 57,542 57,010 57,531 56,237

Diluted 57,542 58,143 57,531 57,087

SUPERGEN, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

June 30, December 31,

2008 2007

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents $76,344 $78,055

Marketable securities 8,483 9,375

Accounts receivable, net 3 71

Accounts receivable from Mayne Pharma 11 58

Prepaid expenses and other current assets 1,288 728

Total current assets 86,129 88,287

Marketable securities, non-current 2,733 3,419

Property, plant a
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SOURCE SuperGen, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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