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Cardium Reports on First Quarter 2009 Financial Results and Recent Developments
Date:5/11/2009

imitation, risks and uncertainties that are inherent in the development of complex biologics and therapeutic hypothermia devices and in the conduct of human clinical trials, including the timing, costs and outcomes of such trials, our ability to obtain necessary funding, regulatory approvals and expected qualifications, our dependence upon proprietary technology, our history of operating losses and accumulated deficits, our reliance on collaborative relationships and critical personnel, and current and future competition, as well as other risks described from time to time in filings we make with the Securities and Exchange Commission. We undertake no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof.

Copyright 2009 Cardium Therapeutics, Inc. All rights reserved. For Terms of Use Privacy Policy, please visit www.cardiumthx.com. Cardium Therapeutics(TM) and Generx(R) are trademarks of Cardium Therapeutics, Inc. Tissue Repair(TM), Gene Activated Matrix(TM), GAM(TM), and Excellarate(TM) are trademarks of Tissue Repair Company.

InnerCool Therapies(R), InnerCool(R), RapidBlue(TM) and CoolBlue(TM) are trademarks of InnerCool Therapies, Inc.

                               - Continued - 



                          Cardium Therapeutics, Inc.

            Selected Condensed Consolidated Results of Operations

                                  Three Months Ended March 31,
                                           (Unaudited)
                                       EITF 07-05
                       2009 Actual       Effect*  Pro forma 2009*   2008

    Revenues             $368,413           -        $368,413      $646,002
    Cost of goods
     sold                (206,594)          -        (206,594)     (370,696
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SOURCE Cardium Therapeutics
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