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Vasogen Announces 2007 Year-End Results
Date:1/16/2008

Deficit (381,783) (351,374)

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23,356 24,580

$ 28,050 $ 41,770

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VASOGEN INC.

(A DEVELOPMENT STAGE COMPANY)

Consolidated Statements of Operations, Deficit and Comprehensive Income

(In thousands of Canadian dollars, except per share amounts)

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Period from

December 1,

1987 to

Years ended November 30, November 30,

2007 2006 2005 2007

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Expenses:

Research and development $ 12,039 $ 32,732 $ 71,421 $ 238,917

General and

administration 14,259 19,251 22,126 117,228

Foreign exchange loss

(gain) 1,977 104 (719) 10,970

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Loss before the undernoted (28,275) (52,087) (92,828) (367,115)

Interest expense on senior

convertible notes payable (5) (930) (344) (1,279)

Accretion in carrying value

of senior convertible

notes payable (728) (7,824) (1,742) (10,294)

Amortization of deferred

financ
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SOURCE Vasogen Inc.
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