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CEL-SCI Corporation Reports Second Quarter 2008 Financial Results
Date:5/16/2008

ial. Multikine appears to be the first non-toxic cancer drug.

Multikine, a patented defined mixture of naturally derived cytokines, is the first immunotherapeutic agent in a new class of drugs called "Immune SIMULATORS". Immune SIMULATORS simulate the way our natural immune system acts in defending us against cancer. As opposed to other immunotherapies which are designed to target a single or limited number of specific antigens or molecules, Immune SIMULATORS are multi-targeted; they simultaneously cause a direct and targeted killing of the specific tumor cells and they activate the immune system to produce a stronger anti-tumor attack on multiple fronts.

Multikine is also the first immunotherapeutic agent being developed as a first-line standard of care treatment for cancer. It is administered prior to any other cancer therapy because that is the period when the anti-tumor immune response can still be fully activated. Once the patient has advanced disease, or had surgery or has received radiation and/or chemotherapy, the immune system is severely weakened and is less able to mount an effective anti-tumor immune response. Other immunotherapies are administered after the patient has received chemotherapy and/or radiation therapy, which can limit their effectiveness.

The Company's loss from operations for the quarter ended March 31, 2008 was $2,085,098 versus a loss from operations of $2,012,605 during the same quarter in 2007. The net loss per common share for the quarter ended March 31, 2008 was $0.03 which was unchanged from the same quarter in 2007. The Company's loss from operations for the six months ended March 31, 2008 was $4,952,536 versus a net loss from operations of $3,592,516 during the same six months in 2007. The Company's net loss per common share for the six months ended March 31, 2008 was $0.05 which was unchanged from the same six month period in 2007.

During the three month period ended March 31, 2008, research and devel
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