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Vasogen Announces Second Quarter 2009 Results
Date:7/14/2009

------------------------------------------------------- ------------------------------------------------------------------------- VASOGEN INC. (A DEVELOPMENT STAGE COMPANY) Interim Consolidated Statements of Cash Flows (In thousands of Canadian dollars) (Unaudited) Period from December 1, Three months ended Six months ended 1987 to May 31, May 31, May 31, 2009 2008 2009 2008 2009 ------------------------------------------------------------------------- Cash provided by (used in): Operating activities: Loss for the period $ (1,395) $ (7,418) $ (3,336) $ (12,738) $(393,750) Items not involving cash: Amortization - 125 2 187 6,379 Loss on disposition of property and equipment - - - - 125 Gain on sale of patents - - (487) - (487) Accretion in carrying value of senior convertible notes payable - - - - 10,294 Amortization of deferred financing costs - - - - 3,057 Loss on extinguishment of senior convertible notes payable - - - - 6,749 Change in fair value of embedded derivatives - - - - (829) Stock-based compensation
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