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YM BIOSCIENCES REPORTS SECOND QUARTER 2009 OPERATIONAL AND FINANCIAL RESULTS
Date:2/13/2009

nt of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting. Certain of the assumptions made in preparing forward-looking statements include but are not limited to the following: that nimotuzumab will continue to demonstrate a competitive safety profile in ongoing and future clinical trials; that AeroLEF(R) will continue to generate positive efficacy and safety data in future clinical trials; and that YM and its various partners will complete their respective clinical trials within the timelines communicated in this release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    YM BIOSCIENCES INC.
    Interim Consolidated Balance Sheets
    (Expressed in Canadian dollars)

    -------------------------------------------------------------------------
                                                 December 31,        June 30,
                                                        2008            2008
    -------------------------------------------------------------------------
                                                  (Unaudited)
    Assets

    Current assets:
      Cash and cash equivalents                $   8,154,413   $   3,119,189
      Short-term deposits                         41,978,641      54,981,737
      Accounts receivable                            721,357         403,371
      Prepaid expenses                               358,044         375,133
      -----------------------------------------------------------------------
                                                  51,212,455      58,879,430

    Property and equipment                           105,960         128,400

    Intan
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SOURCE YM BioSciences Inc.
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