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Bioniche Reports Fiscal 2008 First Quarter
Date:11/9/2007

e not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process, and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

Bioniche Life Sciences Inc.

Amalgamated under the laws of Ontario

CONSOLIDATED BALANCE SHEETS

(Unaudited)

As at As at

September 30, June 30,

2007 2007

$ $

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ASSETS

Current

Cash and cash equivalents 8,004,353 1,523,597

Short-term investments - 9,500,000

Accounts receivable 5,137,800 5,495,836

Inventories 5,486,543 5,480,167

Prepaid expenses and deposits 554,160 658,867

Foreign currency embedded derivatives 231,579 -

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19,414,435 22,658,467

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Long-term

Property, plant and equipment 9,513,696 9,557,359

Intangible assets 8,331,086 8,545,215

Goodwill 456,155 456,155

Deferred financing fees
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SOURCE Bioniche Life Sciences Inc.
Copyright©2007 PR Newswire.
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