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Bradmer announces 2007 fourth quarter and fiscal year operational and financial results
Date:3/12/2008

alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

Financials results included below:

Bradmer Pharmaceuticals Inc.

Balance Sheets

US $

December 31, December 31,

2007 2006

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Assets

Current

Cash $ 19,469,337 $ 8,813,427

Amounts receivable 143,722 77,085

Prepaid expenses and other assets 24,029 10,632

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19,637,088 8,901,144

Patent rights 685,165 469,817

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$ 20,322,253 $ 9,370,961

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Liabilities

Current

Accounts payable and accrued liabilities $ 1,835,492 $ 1,384,367

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Shareholders' Equity

Capital stock 31,026,728 12,504,066

Contributed surplus 714,981 183,369

Warrants 881,488 -

Deficit (14,136,436) (4,700,841)


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SOURCE Bradmer Pharmaceuticals Inc.
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