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Bradmer announces 2008 first quarter operational and financial results
Date:5/9/2008

to the requirements of Rule 904 of Regulation S of the Securities Act or such other applicable exemption thereunder, and other applicable state securities laws.

Except for historical information, this press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may include but are not limited to, the receipt of all regulatory approvals required to conduct the proposed clinical trial of Neuradiab, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate 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 $

March 31, December 31,

2008 2007

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

Assets

Current

Cash $ 16,652,374 $ 19,469,337

Amounts receivable 121,831 143,722

Prepaid expenses and other assets 71,519 24,029

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16,845,724 19,637,088

Patent rights 692,084 685,165

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$ 17,537,808 $ 20,322,253

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SOURCE Bradmer Pharmaceuticals Inc.
Copyright©2008 PR Newswire.
All rights reserved

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