BELLUS HEALTH reports results for first quarter of f...(ompany believes that expectations repres...),Health

Date:5/5/2008

ompany believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. Unless otherwise stated, the forward-looking statements contained in this report are made as of the date of this report, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking statements contained in this report are expressly qualified by this cautionary statement.

BELLUS Health Inc.

Consolidated Financial Information (1)

(in thousands of US dollars, except per share data)

Three-month period ended

March 31

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Consolidated Statements of Operations 2008 2007

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(unaudited) (unaudited)

Revenues:

Collaboration agreement $205 $373

Reimbursable costs 22 128

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227 501

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Expenses :

Research and development 8,780 16,828

Research tax credits and grants (397) (506)

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SOURCE BELLUS Health Inc. Copyright©2008 PR Newswire. All rights reserved

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