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Telik Announces First Quarter 2008 Financial Results
Date:5/8/2008

Three Months Ended

March 31,

2008 2007

Operating costs and expenses:

Research and development $8,195 $12,944

General and administrative 2,413 3,652

Restructuring costs - 1,389

Total operating costs and expenses 10,608 17,985

Loss from operations (10,608) (17,985)

Interest and other income (expense), net 800 1,663

Net loss $(9,808) $(16,322)

Basic and diluted net loss per share $(0.19) $(0.31)

Weighted average shares used to calculate

basic and diluted net loss per share 52,992 52,408

Selected Balance Sheet Data

(In thousands)

(Unaudited)

March 31, December 31,

2008 2007

Cash, cash equivalents, investments

and restricted investments $82,490 $93,233

Total assets 87,126 98,528

Stockholders' equity 78,094 87,319


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SOURCE Telik, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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