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

an> was $1.4 million compared with $3 million for the first six months of fiscal 2009, ended December 31, 2008. Interest income for the second quarter of fiscal 2010 was $13,174 compared with $0.4 million for the second quarter of fiscal 2009. Interest income for the first six months of fiscal 2010, ended December 31, 2009 was $32,293 compared with $0.8 million for the first six months of fiscal 2009, ended December 31, 2008.

General and administrative expenses were $1.7 million for the second quarter of fiscal 2010 compared with $1.2 million for the second quarter of fiscal 2009. General and administrative expenses were $3.5 million for the first six months of fiscal 2010 compared with $2.3 million for the first six months of fiscal 2009.

Licensing and product development expenses were $2.4 million for the second quarter of fiscal 2010 compared with $4.4 million for the second quarter of fiscal 2009. Licensing and product development expenses were $4.8 million for the first six months of fiscal 2010 compared with $8.3 million for the first six months of fiscal 2009.

Costs associated with development activities for nimotuzumab decreased by $1 million to $1.2 million and by $1.2 million to $2 million for the three and six months ended December 31, 2009 respectively, compared to the same periods in the prior year. These costs were due mainly
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SOURCE YM BioSciences Inc.
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