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IDM Pharma Reports Third Quarter 2007 Financial Results

ions as planned, including any further clinical trials of any of the Company's product candidates; whether any steps taken by the Company to contain costs will in fact result in sufficient reduction in expenses; reliance on key employees, especially senior management; the risk that the Company may not secure or maintain relationships with collaborators, and the Company's dependence on intellectual property. These factors are more fully discussed in the Company's Quarterly Report on Form 10-Q filed with the SEC for the quarter ended June 30, 2007 and other periodic reports filed with the SEC. The Company expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law."




Three months ended Nine months ended

September 30, September 30,

2007 2006 2007 2006


Research grants and

contract revenue $- $- $55,000 $68,000

Related party

revenue 3,113,000 3,012,000 8,994,000 8,228,000

License fees,

milestones and

other revenues 10,000 16,000 30,000 32,000

Total revenues 3,123,000 3,028,000 9,079,000 8,328,000

Costs and expenses:

Research and

development 6,377,000 5,271,000 17,032,000 17,032,000

Impairment of

assets 52,000 144,000 95,000 497,000

Selling and

marketing 246,000 234,000 448,000 397,000

General and

administrative 2,477,000 1,563,000 9,216,000 6,817,000


SOURCE IDM Pharma, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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