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Threshold Pharmaceuticals Reports Third Quarter 2007 Financial Results
Date:11/7/2007

undertake no duty to update any forward-looking statement made in this news release.

THRESHOLD PHARMACEUTICALS, INC.

(A Development Stage Enterprise)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

Revenue $359 $359 $1,077 $1,077

Operating expenses

Research and development 4,896 13,990 18,230 38,491

General and administrative 2,407 3,936 7,517 11,512

Total Operating Expenses 7,303 17,926 25,747 50,003

Loss from operations (6,944) (17,567) (24,670) (48,926)

Interest and other income 415 907 1,524 2,972

Interest expense (30) (53) (110) (112)

Net Loss $(6,559) $(16,713) $(23,256) $(46,066)

Net loss per basic and diluted

loss per common share $(0.18) $(0.46) $(0.63) $(1.27)

Weighted-average shares used in

computing basic and diluted

loss per common share 37,079 36,502 36,992 36,181

THRESHOLD PHARMACEUTICALS, INC.

(A Development Stage Enterprise)

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

September 30, December 31,

2007 2006


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SOURCE Threshold Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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