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

months ended December 31

Current Last Year Current Last

Quarter Quarter Year to Date Year to Date

2007 2006 2007 2006

$ $ $ $

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

OPERATING

ACTIVITIES

Net loss for the

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

Add (deduct)

non-cash items:

Amortization 614,146 1,144,622 1,145,228 1,828,363

Accreted interest

on convertible

term note - 510,587 - 619,413

Change in unrealized

loss (gain) on

foreign currency

embedded

derivatives 44,453 - (138,203) -

Foreign exchange

loss (gain) 21,667 351,777 (53,451) 345,644

Stock-based

compensation 94,228 55,242 178,974 111,022

Share compensation 253,437 81,000 253,437 81,000

Employee share

ownership plan 163,553 212,662 311,322 212,662

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)

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

(3,025,681) (2,667,611) (6,332,616) (4,391,261)

Net change in

non-cash working

capital balances (1,475,702) 792,819 (830,764) 1,097,708

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SOURCE Bioniche Life Sciences Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Related medicine news :

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