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YM BIOSCIENCES REPORTS THIRD QUARTER 2009 OPERATIONAL AND FINANCIAL RESULTS
Date:5/14/2009

als 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)

    -------------------------------------------------------------------------
                                                    March 31,        June 30,
                                                        2009            2008
    -------------------------------------------------------------------------
                                                  (Unaudited)

    Assets

    Current assets:
      Cash and cash equivalents                $   8,917,872   $   3,119,189
      Short-term deposits                         37,688,943      54,981,737
      Accounts receivable                            280,479         403,371
      Prepaid expenses                               543,664         375,133
    -------------------------------------------------------------------------
                                                  47,430,958      58,879,430

    Property and equipment                           105,268         128,400

    Intangible assets                              3,270,003       4,065,409

    -------------------------------------------------------------------------
                                               $  50,806,229   $  63,073,239
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Liabilities and Shareholders' Equity

    Current liabilities:
      Accounts payable                         $     636,680   $     307,588
      Accrued liabilities                          1,302,123       1,715,024
      Deferred revenue                             2,562,696       4,623,340
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SOURCE  YM BioSciences Inc.
Copyright©2009 PR Newswire.
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