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Vion Reports 2008 First Quarter Results
Date:5/5/2008

(8,195) (7,949)

Income tax provision -- 6

Net loss ($8,195) ($7,955)

Basic and diluted loss per share(1) ($1.14) ($1.20)

Weighted-average number of shares of common stock

outstanding(1) 7,173 6,636

(1) Adjusted for all periods presented to reflect the Company's

one-for-ten reverse stock split effected February 20, 2008.

CONDENSED CONSOLIDATED BALANCE SHEET DATA

(Unaudited)

March 31, Dec. 31,

(In thousands) 2008 2007

Cash and cash equivalents $55,238 $61,067

Total assets 57,170 63,195

Convertible senior notes 54,556 54,275

Total liabilities 60,673 61,988

Shareholders' equity (3,503) 1,207

COMPANY CONTACT: Vion Pharmaceuticals, Inc.

Alan Kessman, Chief Executive Officer

Howard B. Johnson, President & CFO

(203) 498-4210


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SOURCE Vion Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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