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Idenix Pharmaceuticals Reports Third Quarter and Nine Month Financial Results
Date:11/6/2007

71

Total revenues 10,888 19,645 55,426 52,069

Operating expenses (1):

Cost of sales 277 ----- 514 -----

Research and development 18,421 26,083 65,545 73,013

Selling, general and

administrative 18,393 15,924 54,070 38,727

Restructuring and impairment

charges 6,439 ------- 6,439 -------

Total operating expenses 43,530 42,007 126,568 111,740

Loss from operations (32,642) (22,362) (71,142) (59,671)

Investment income, net 1,718 2,563 5,498 7,217

Loss before income taxes (30,924) (19,799) (65,644) (52,454)

Income tax benefit 375 84 624 948

Net loss $(30,549) $(19,715) $(65,020) $(51,506)

Basic and diluted net loss

per share: ($0.54) ($0.35) ($1.16) ($0.92)

Shares used in calculation

of basic and diluted net

loss per share: 56,189 56,058 56,162 55,981

(1) Stock-based compensation

expenses included in operating

expenses amounted to

approximately:

Research and development $553 $713 $2,444 $2,246

Selling, general and

administrative 1,326 1,830 3,859 4,527

Restructuring and impairment

charges 968 ----- 968 -----

IDENIX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

(UNAUDITED)

September 30, December 31,

2007 2006 <
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SOURCE Idenix Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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