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

1,629,414 1,130,291

Marketing and selling 1,640,123 1,421,464

Quality assurance 170,430 168,507

Interest on long-term debt 37,950 160,509

Other interest (income) (62,820) 73,204

Accreted interest on convertible term note - 143,138

Amortization of property, plant and equipment 281,787 295,284

Amortization of intangible assets 214,129 214,129

Amortization of deferred financing fees 35,166 174,328

Foreign exchange loss (gain) 197,973 (12,186)

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4,144,152 3,768,668

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Income (loss) before research and

development expenses and other items (718,673) 785,113

Research and development expenses, gross 3,566,667 3,589,748

Less: government incentives, net (343,848) (422,627)

Unrealized gain on foreign currency

embedded derivatives (182,656) -

Impairment of investment - 175,000

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Loss before income taxes (3,758,836) (2,557,008)

Provision for income taxes 53,923 183,856

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Net loss for the period (3,812,759) (2,740,864)

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SOURCE Bioniche Life Sciences Inc.
Copyright©2007 PR Newswire.
All rights reserved

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