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Cipher reports third quarter fiscal 2007 results
Date:11/7/2007

egulatory approval in the U.S. market.

5 Due to related party

The Company and a related party have in common a majority of their

respective boards. There is no balance owing to the related party at

September 30, 2007. At December 31, 2006 the amount due was $123, for

management and payroll services.

6 Share capital

Authorized share capital

The authorized share capital consists of an unlimited number of

preference shares, issuable in series, and an unlimited number of

voting common shares.

Issued share capital

The following is a summary of the changes in share capital from

December 31, 2005 to September 30, 2007:

Number of

common shares Amount

(in thousands) $

Balance outstanding - December 31, 2005 21,336 38,783

Options exercised during 2006 200 201

March 14, 2006 public offering(a) 2,500 10,907

---------------------------

Balance outstanding - December 31, 2006 24,036 49,891

---------------------------

Options exercised during the

three months ended June 30, 2007(b) 19 57

---------------------------

Balance outstanding - September 30, 2007 24,055 49,948

---------------------------

(a) On March 14, 2006, the Company issued 2.5 million common shares

pursuant to the completion of a public offering. Net proceeds

from the offering af
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SOURCE Cipher Pharmaceuticals Inc.
Copyright©2007 PR Newswire.
All rights reserved

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