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YM BioSciences reports second quarter 2010 operational and financial results
Date:2/8/2010

(Expressed in Canadian dollars, unless otherwise indicated) ------------------------------------------------------------------------- Three months ended Six months ended December 31, December 31, 2009 2008 2009 2008 ------------------------------------------------------------------------- (Unaudited) (Unaudited) Cash provided by (used in): Operating activities: Loss for the period $ (3,375,537) $ (3,174,385) $ (6,878,325) $ (6,330,597) Items not involving cash: Amortiza- tion of property and equipment 17,331 18,844 33,583 37,476 Amortiz- ation of intangible assets 265,135 265,136 530,271 530,271 Loss (gain)on short-term deposits 6,888 (163,277) 9,106 (22,718) Stock-based compensation 118,046 189,223 514,690 379,556 Change in non-cash operating working capital: Accounts receivable and prepaid expenses 87,560 (191,057) 333,595 (300,897) Accounts payable, accrued liabili- ties and deferred revenue (722,825) (1,585,637) (727,675) (2,268,645) ----------------------------------------------------------------------- (3,603,402) (4,641,153) (6,184,755) (7,975,554) Financing activities: Issuance of common shares on exercise of options 51,165 - 62,589 - Investing activities: Sho
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