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Vasogen Announces 2008 Year-End Results
Date:2/27/2009

ime in our public disclosure documents or other filings with the Canadian and U.S. securities commissions or other securities regulatory bodies. Additional risks and uncertainties relating to our Company and our business can be found in the "Risk Factors" section of our Annual Information Form and Form 20-F, as well as in our other public filings, including our Management's Discussion and Analysis for the year ended November 30, 2008. The forward-looking statements are made as of the date hereof, and we disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The consolidated financial statements, accompanying notes to the consolidated financial statements, and Management's Discussion and Analysis for the year ended November 30, 2008, will be accessible on Vasogen's web site at www.vasogen.com and will be available on SEDAR and EDGAR.

                   Financial statements are provided below

    Vasogen Inc.
    (A DEVELOPMENT STAGE COMPANY)

    Consolidated Balance Sheets
    (In thousands of Canadian dollars)

    November 30, 2008 and 2007

    -------------------------------------------------------------------------
                                                           2008         2007
    -------------------------------------------------------------------------
    Assets

    Current assets:
      Cash and cash equivalents                      $    8,556   $   23,545
      Clinical supplies                                       -        1,363
      Tax credits recoverable                               582        1,565
      Prepaid expenses and deposits                         188          787
      Change in fair value of forward foreign
       exchange contracts                            
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SOURCE Vasogen Inc.
Copyright©2009 PR Newswire.
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