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Vermillion Announces First Quarter 2008 Financial Results and Business Progress
Date:5/15/2008

t assets 9,815 17,575

Property, plant and equipment, net 1,630 1,938

Long-term investments, at fair value 6,043 3,902

Other assets 67 638

Total assets $17,555 $24,053

Liabilities and Stockholders' Deficit

Current liabilities:

Accounts payable $2,648 $2,975

Accrued liabilities 2,588 3,595

Current portion of convertible senior notes,

net of discount 2,482 2,471

Total current liabilities 7,718 9,041

Long-term debt owed to related party 10,000 10,000

Convertible senior notes, net of discount 16,242 16,196

Other liabilities 150 278

Total liabilities 34,110 35,515

Stockholders' deficit:

Common stock 6 6

Additional paid-in capital 228,067 227,895

Accumulated deficit (243,988) (239,142)

Accumulated other comprehensive loss (640) (221)

Total stockholders' deficit (16,555) (11,462)

Total liabilities and stockholders' deficit $17,555 $24,053

(1) The condensed consolidated balance sheet at December 31, 2007, has

been derived from the audited consolidated financial statements at

that date included in the Company's Annual Report on Form 10-K for the

fiscal year ended December 31, 2007.

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