Favrille Reports First Quarter 2008 Financi...(tion; Favrille's ability to demonstrate ...)

Date:5/8/2008

tion; Favrille's ability to demonstrate that its idiotype protein produced from insect cell lines may stimulate a more effective immune response compared to idiotype protein derived from mammalian cells; Favrille's ability to manufacture sufficient quantities of Specifid for use in clinical trials and, if Specifid receives marketing approval, for commercialization; risks associated with achieving projected operating metrics and financial performance or the anticipated number of patients using Specifid; potential delays in patient enrollment; and additional risks discussed in Favrille's filings with the Securities and Exchange Commission. In addition, conclusions regarding the safety and efficacy of Favrille's product candidates cannot be made until the results of future clinical trials of longer duration in more patients are known. All forward-looking statements are qualified in their entirety by this cautionary statement. Favrille is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.

FAVRILLE, INC.

(a development stage company)

BALANCE SHEETS

(in thousands, except share and per share data)

March 31, December 31,

2008 2007

(unaudited)

Assets

Current assets:

Cash and cash equivalents $ 16,089 $ 26,362

Short-term investments 3,569 3,577

Other current assets 1,007 806

Total current assets 20,665 30,745

Property and equipment, net 32,276
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SOURCE Favrille, Inc. Copyright©2008 PR Newswire. All rights reserved

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