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Idenix Pharmaceuticals Reports Fourth Quarter and Year-End 2007 Financial Results
Date:3/6/2008

42) ($1.47) ($1.34)

Shares used in calculation of basic

and diluted net loss per share: 56,189 56,078 56,169 56,005

(1) Stock-based compensation

expenses included in operating

expenses amounted to approximately:

Research and development $560 $646 $3,005 $2,892

Selling, general and administrative 899 1,218 4,758 5,745

Restructuring and impairment charges -- -- 968 --

IDENIX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

(UNAUDITED)

December 31, December 31,

2007 2006

ASSETS

Cash and cash equivalents $48,260 $55,892

Marketable securities 39,862 71,251

Receivables from related party 11,196 12,035

Other current assets 4,401 8,427

Total current assets 103,719 147,605

Intangible assets, net 13,548 --

Property and equipment, net 15,461 17,448

Marketable securities, non-current 23,882 59,208

Other assets 3,930 4,204

Total assets $160,540 $228,465

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses $21,809 $23,429

Deferred revenue, related party 8,372 13,490

Other current liabilities 553 527

Total current liabilities
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SOURCE Idenix Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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