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deCODE genetics Announces Third Quarter 2008 Financial Results
Date:11/6/2008

be webcast tomorrow, Friday, November 7, at 8:00am US Eastern Standard Time/1pm GMT. 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 967723.

Condensed Consolidated Statements of Operations

For the three months For the nine months

ended September 30, ended September 30,

2008 2007 2008 2007

in thousands, except per share amounts (unaudited)

Revenue $ 11,978 $ 10,892 $ 41,982 $ 27,060

Operating expenses

Cost of revenue 10,992 11,976 39,138 32,050

Research and development 5,652 14,069 26,269 41,273

Selling, general and

administrative 6,661 7,070 21,018 19,395

Total operating expense 23,305 33,115 86,425 92,718

Operating loss (11,327) (22,223) (44,443) (65,658)

Interest income 500 1,646 1,989 5,155

Interest expense (4,187) (4,019) (12,332) (11,488)

Other non-operating

income and

(expense), net* (2,886) 348 (8,133) 8,890

Net loss $ (17,900) $ (24,248) $ (62,919) $ (63,101)

Basic and diluted

net loss per share: $ (0.29) $ (0.40) $ (1.03) $ (1.03)

Shares used in

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SOURCE deCODE genetics Inc
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