deCODE genetics Announces Second Quarter 2008 Financi... (eme.com target

deCODE genetics Announces Second Quarter 2008 Financial Results

Date:8/6/2008

eme.com" target="_new">http://www.decodeme.com.

Conference Call Information

A conference call, during which deCODE President and CEO Kari Stefansson and CFO Lance Thibault will discuss second quarter financial results and recent operating highlights, will be webcast tomorrow, Thursday, August 7, at 8:00am Eastern Daylight Time/12 noon GMT/1pm British Summer Time. The webcast can be accessed via the Investors section of deCODE's website, http://www.decode.com, or through http://www.earnings.com. A replay of the call will be available on these websites for at least one week following the call. A digitized telephone replay of the call can be accessed for the week following the call by dialing 1 800 475 6701 from the US, or +1 320 365 3844 from outside the US. The access code is 955922.

Condensed Consolidated Statements of Operations

For the three months For the six months

ended June 30, ended June 30,

2008 2007 2008 2007

in thousands, except per share amounts (unaudited)

Revenue $ 15,026 $ 7,614 $ 30,004 $ 16,168

Operating expenses

Cost of revenue 13,432 9,156 28,146 20,074

Research and

development 7,964 14,528 20,617 27,204

Selling, general and

administrative 7,146 6,795 14,357 12,325

Total operating

expense 28,542 30,479 63,120 59,603

Operating loss (13,516) (22,865) (33,116) (43,435)

Interest income 452 1,518 1,489 3,509

Interest expense
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