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Bioniche Reports Fiscal 2008 Second Quarter
Date:2/8/2008

expenses and

other items (824,099) (1,844,062) (1,542,771) (1,058,949)

Research and

development

expenses, gross 3,663,747 3,561,692 7,230,414 7,151,440

Less: government

incentives, net (374,735) (413,907) (718,583) (836,534)

Change in

unrealized loss

(gain) on foreign

currency embedded

derivatives 44,453 - (138,203) -

Impairment

of investment - - - 175,000

Loss on sale

of investment - 17,157 - 17,157

Gain on sale of

right to future

royalty stream - (2,127,587) - (2,127,587)

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Loss before

income taxes (4,157,564) (2,881,417) (7,916,399) (5,438,425)

Provision for

income taxes 59,601 31,654 113,524 215,510

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Net loss for

the period (4,217,165) (2,913,071) (8,029,923) (5,653,935)

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Basic and diluted

net loss per share (0.07) (0.07) (0.13) (0.14)

-------------------------------------------------------------------------

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Weighted-average

number of

common shares

outstanding 62,073,503 40,225,172 61,977,023 39,759,475

Bioniche Life Sciences Inc.

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

For the three and six
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SOURCE Bioniche Life Sciences Inc.
Copyright©2008 PR Newswire.
All rights reserved

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