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

o 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

INTERIM CONSOLIDATED BALANCE SHEETS

(Unaudited)

As at As at

December 31, June 30,

2007 2007

$ $

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ASSETS

Current

Cash and cash equivalents 6,639,947 1,523,597

Short-term investments - 9,500,000

Accounts receivable 5,125,946 5,495,836

Inventories 5,313,158 5,480,167

Prepaid expenses and deposits 711,359 658,867

Foreign currency embedded derivatives 242,969 -

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18,033,379 22,658,467

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Long-term

Property, plant and equipment 9,302,202 9,557,359

Intangible assets 8,116,957 8,545,215

Goodwill 456,155 456,155

Deferred financing fees - 209,578

Foreign currency embedded derivatives 81,915 -

Other assets 803,621 100,000

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

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