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YM BIOSCIENCES REPORTS 2007 YEAR END OPERATIONAL AND FINANCIAL RESULTS
Date:9/23/2007

Expenses:

General and

admini-

strative 6,978,336 7,951,470 6,314,357 36,086,535

Licensing

and product

development 28,758,469 20,188,577 10,981,950 90,796,383

Impairment of

intangible

assets 1,829,538 - - 1,829,538

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37,566,343 28,140,047 17,296,307 128,712,456

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Loss before

the under-

noted (29,918,913) (25,591,354) (15,844,414) (114,276,022)

Loss on

foreign

exchange (142,552) (220,630) - (363,182)

Loss on

marketable

securities - (2,623) (14,881) (1,191,329)

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

Loss before

income taxes (30,061,465) (25,814,607) (15,859,295) (115,830,533)

Income taxes 1,668,775 - - 1,676,075

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Loss for

the period (31,730,240) (25,814,607) (15,859,295) (117,506,608)

Deficit,

beginning

of period (86,566,501) (60,751,894) (44,319,267) -

Cost of

purchasing

shares for

cancellation

in excess of

book value - - (573,332) (790,133)

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

Deficit,

end of

period $(118,296,741) $ (86,566,501) $ (60,751,894) $(118,296,741)

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

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SOURCE YM BioSciences Inc.
Copyright©2007 PR Newswire.
All rights reserved

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