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

icit and Comprehensive

Income

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

(Unaudited)

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

Period from

December 1,

Three months ended Nine months ended 1987 to

August 31, August 31, August 31,

2007 2006 2007 2006 2007

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

Expenses:

Research and

development $ 2,588 $ 7,360 $ 9,347 $ 29,773 $ 238,028

General and

administration 2,887 3,800 11,363 14,290 116,535

Foreign exchange

loss (gain), net 242 (12) 1,200 160 10,193

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Loss before the

undernoted (5,717) (11,148) (21,910) (44,223) (364,756)

Interest expense on

senior convertible

notes payable - (116) (5) (903) (1,279)

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)

Investment income 370 409 1,003 1,681 13,018

Change in fair value

of embedded

derivatives - - 829 - 829

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

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