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Biopure Announces 2007 Fourth Quarter and Year-End Financial Results
Date:1/28/2008

are not strictly historical are forward- looking statements, including those statements implying that any clinical trial will be carried out to completion or that study results will be as desired, and any statements that might imply that Hemopure may receive marketing approval in the United Kingdom or any other jurisdictions or for additional indications. Actual results and their timing may differ materially from those projected in these forward- looking statements due to risks and uncertainties. These risks include, without limitation, uncertainties regarding the company's financial position, including its limited cash resources and need to raise additional capital to pursue its business, unexpected costs and expenses, delays and adverse determinations by regulatory authorities, unanticipated problems with the product's commercial use, whether or not product related, and with product distributors, sales agents or other third parties, delays in clinical trials, and the other factors identified under the heading "Risk Factors" in the company's quarterly report on Form 10- Q filed on September 14, 2007, which can be accessed in the EDGAR database at the U.S. Securities and Exchange Commission's (SEC) website, http://www.sec.gov, as can the annual report on Form 10-K to be filed on January 29, 2008, with updated risk factors. The company undertakes no obligation to release publicly the results of any revisions to these forward- looking statements to reflect events or circumstances arising after the date hereof. A full discussion of the company's operations and financial condition can be found in the company's filings with the SEC.

The content of this release does not necessarily reflect the position or the policy of the U.S. Government or the Department of Defense, and no official endorsement should be inferred.

BIOPURE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF
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