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Cadus Reports 2008 Results
Date:3/31/2009

Total revenues 100,000 100,000 Costs and expenses: General and administrative 557,744 557,938 Amortization of patent costs 86,433 86,433 Income from equity in other ventures (6,928) (13,363) Total costs and expenses 637,249 631,008 Operating (loss) (537,249) (531,008) Other income (expense): Interest income 714,670 1,312,283 Loss on sale and redemption of marketable securities (222,305) (668,246) Investment reduction to net asset value (1,174,756) (320,362) Total other income (expense) (682,391) 323,675 (Loss) before income tax provision (1,219,640) (207,333) Provision for franchise and income taxes 49,258 64,777 Net (loss) ($1,268,898) ($272,110) Basic and diluted net (loss) per share ($0.10) ($0.02) Weighted average shares of common stock outstanding - basic and diluted 13,144,040 13,144,040


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