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Bradmer announces 2008 first quarter operational and financial results

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Net loss (3,157,488) (1,853,497)

Deficit at beginning of period (14,136,436) (4,700,841)

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Deficit at end of period $ (17,293,924) $ (6,554,338)

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Basic and diluted net loss per share $ (0.23) $ (0.24)

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Weighted average number of shares 13,488,215 7,781,346

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Bradmer Pharmaceuticals Inc.

Statements of Cash Flows

US $

Quarter Ended Quarter Ended

March 31, 2008 March 31, 2007


Cash flows from operating activities

Net loss for the period $ (3,157,488) $ (1,853,497)

Add items not affecting cash

Amortization of patents 14,793 11,653

Stock-based compensation 135,867 83,677


(3,006,828) (1,758,167)

Changes in non-cash working capital


Amounts receivable 21,891 688

Prepaid expenses (47,490) (50,733)

Accounts payable and accrued


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

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