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Cadus Reports 2008 Results
Date:3/31/2009

------ December 31, December 31, 2008 2007 Current assets: Cash and cash equivalents $19,236,212 $2,444,376 Short term investments 5,048,775 22,960,545 Interest receivable 13,116 102,518 Prepaid and other current assets 14,090 1,150 Total current assets 24,312,193 25,508,589 Investment in other ventures 193,718 186,790 Patents, net 464,401 550,834 Total assets $24,970,312 $26,246,213 LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------ Current liabilities: Accrued expenses and other current liabilities $15,055 $22,352 Total current liabilities 15,055 22,352 Commitments and contingencies Stockholders' equity: Common stock 132,857 132,857 Additional paid-in capital 59,847,443 59,847,149 Accumulated deficit (34,724,968) (33,456,070) Treasury stock, at cost (300,075) (300,075) Total stockholders' equity 26,955,257 26,223,861 Total liabilities and stockholders' equity $24,970,312 $26,246,213 Cadus Corporation and Subsidiary Condensed Consolidated Statements of Operations For the Years Ended December 31, 2008 2007 License and maintenance fees $100,000 $100,000
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