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deCODE genetics Announces First Quarter 2009 Financial Results
Date:5/11/2009

In thousands, (unaudited) Cash and cash equivalents........... $ 6,148 $ 3,701 Total assets....................... 74,616 75,137 Total liabilities................... 307,165 296,213 Total shareholders' equity (deficit). (232,549) (221,076) * Other non-operating expense for the three-months ended March 31, 2009 and 2008 principally reflects an unrealized loss resulting from the revaluation of the company's non-current auction rate security investments and for the three-months ended March 31, 2009 offset by foreign currency translation gains.

Any statements contained in this presentation that relate to future plans, events or performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, and the timing of events, to differ materially from those described in the forward-looking statements. These risks and uncertainties include, among others, those relating to our ability to obtain sufficient financing to continue as a going concern, the outcome of the review of the continued listing of our common stock on The Nasdaq Stock Market, our ability to develop and market diagnostic products, the level of third party reimbursement for our products, risks related to preclinical and clinical development of pharmaceutical products, including the identification of compounds and the completion of clinical trials, our ability to form collaborative relationships, the effect of government regulation and the regulatory approval processes, market acceptance, our ability to obtain and protect intellectual property rights for our products, dependence on collaborative relationships, the effect of competitive p
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