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IDM Pharma Reports First Quarter Financial Results
Date:5/8/2008

sic and diluted loss per share $(0.48) $(0.39)

Comprehensive loss:

Net loss $(12,136,000) $(5,968,000)

Other comprehensive gain 1,422,000 333,000

$(10,714,000) $(5,635,000)

IDM PHARMA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

March 31, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $22,367,000 $28,382,000

Other current assets 4,781,000 4,786,000

Total current assets 27,148,000 33,168,000

Property and equipment, net 412,000 513,000

Patents, trademarks and other licenses, net 2,809,000 2,734,000

Goodwill 2,812,000 2,812,000

Other long-term assets 857,000 832,000

Total Assets $34,038,000 $40,059,000

LIABILITIES AND STOCKHOLDERS' EQUITY

Common stock warrants $5,178,000 $450,000

Other current liabilities 12,559,000 11,712,000

Other liabilities 543,000 1,874,000

Stockholders' equity 15,758,000 26,023,000

Total liabilities and stockholders' equity $34,038,000 $40,059,000


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SOURCE IDM Pharma, Inc.
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