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

-------------- Three months ended Six months ended December 31, December 31, 2008 2007 2008 2007 ------------------------------------------------------------------------- (Unaudited) (Unaudited) Out-licensing revenue $ 1,832,224 $ 1,155,833 $ 3,047,169 $ 2,282,766 Interest income 365,067 727,242 807,688 1,417,634 ------------------------------------------------------------------------- 2,197,291 1,883,075 3,854,857 3,700,400 Expenses: General and admini- strative 1,193,209 2,075,506 2,340,587 4,109,516 Licensing and product development 4,421,428 4,220,627 8,266,612 7,765,486 ----------------------------------------------------------------------- 5,614,637 6,296,133 10,607,199 11,875,002 ------------------------------------------------------------------------- Loss before the undernoted (3,417,346) (4,413,058) (6,752,342) (8,174,602) Gain (loss) on foreign exchange 79,684 (29,773) 91,887 14,132 Realized gain on short-term deposits - 110,337 - 133,290 Unrealized gain (loss) on short-term deposits 163,277 (77,251) 22,718 (6,874) Loss on disposal of property and equipment - (70,143) - (70,143) Other income - - 307,140 - ------------------------------------------------------------------------- Loss and comprehensive
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SOURCE YM BioSciences Inc.
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