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Vasogen Announces Third Quarter 2007 Results
Date:10/9/2007

August 31,

2007 2006 2007 2006 2007

-------------------------------------------------------------------------

Cash provided by

(used in):

Operations:

Loss for the

period $ (5,347) $ (14,566) $ (22,719) $ (56,336) $(372,288)

Items not

involving cash:

Amortization 125 146 378 444 6,034

Accretion in

carrying value

of senior

convertible

notes payable - 1,727 728 6,633 10,294

Amortization of

deferred

financing costs - 577 154 2,157 3,057

Loss on

extinguishment

of senior

convertible

notes payable - 1,407 1,754 4,101 6,749

Change in fair

value of

embedded

derivatives - - (829) - (829)

Stock-based

compensation 164 774 1,615 2,456 13,207

Common shares

issued for

services - 28 - 28 2,485

Unrealized

foreign

exchange loss

(gain) 227 (121) 1,454 585 10,431

Other - - - - (35)

Change in

non-cash

operating working

capital 413 (5,184) (3,890) (13,832) 595

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(4,418) (15,212) (21,355) (53,764) (320,300)

Financing:

Shares and warrants

issued for cash - - 17,345 - 326,358

Warrants exercised

for cash -
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SOURCE Vasogen Inc.
Copyright©2007 PR Newswire.
All rights reserved

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