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Alsius Corporation Reports Record Third Quarter 2008 Financial Results and Business Progress

ntal opportunities through an agreement with Universal Hospital

Services, Inc., a leading medical equipment lifecycle services

company. This agreement allows customers a bridge to capital

purchase of Alsius IVTM systems, while also providing for temporary

use of additional systems during peak periods.

-- Medical Meetings and Clinical Presentations

-- A leading peer-reviewed, intensive care journal published the

results of a 49-patient study comparing the efficacy of IVTM and

external cooling. The study investigators found that patients

cooled with IVTM reached target temperature significantly faster,

were controlled more effectively and had reduced intensive care unit

length of stay compared with the external method studied.

-- The use of the Thermogard XP in therapeutic warming during

challenging cardiac surgery cases was highlighted in four

presentations at the annual meeting of the American Society of


-- Attended medical conferences worldwide highlighting clinical

presentations using Alsius IVTM for therapeutic cooling and

re-warming , including the European Society of Intensive Care

Medicine, Therapeutic Temperature Management Conference, the Society

of Neurocritical Care Medicine and the Emergency Nurses Association.

Additional Third Quarter 2008 Financial Results

In the third quarter of 2008, gross profit was $0.5 million, compared with $0.6 million in the third quarter of 2007. Gross profit includes a non-cash $0.4 million charge to increase inventory reserves to reflect results of a physical inventory. Gross profit was $0.9 million before recording this charge. Total operating expenses in the third quarter of 2008 decreased to $5.3 million, compared with $5.8 million for the third quarter of 2007.


SOURCE Alsius Corporation
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