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Tapestry Reports Third Quarter 2007 Financial Results and Preliminary Data From Its Phase 2 Prostate Cancer Trial
Date:11/5/2007

sands)

September 26, December 27,

ASSETS 2007 2006

(unaudited)

Current assets:

Cash and cash equivalents $5,577 $180

Short-term investments 3,781 22,277

Prepaid expense and other current assets 351 335

Total current assets 9,709 22,792

Other assets 2,179 1,814

Total assets $11,888 $24,606

LIABILITIES AND STOCKHOLDERS' EQUITY

Total current liabilities $3,649 $2,585

Long-term debt, excluding current portion 22 112

Total stockholders' equity 8,217 21,909

Total liabilities and stockholders' equity $11,888 $24,606

Tapestry Pharmaceuticals, Inc.

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

Three-Months Ended Nine-Months Ended

September September September September

26, 2007 27, 2006 26, 2007 27, 2006

Operating expenses:

Research and development $4,526 $2,259 $11,414 $7,464

General and administrative 1,737 1,575 5,911 5,070

Operating loss 6,263 3,834 17,325 12,534

Other income (expense):

Interest and other income 169 400 662 936

Interest and other expense (
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SOURCE Tapestry Pharmaceuticals, Inc.
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