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Isis Reports Strong Financial Results and Highlights for Fiscal Year 2008
Date:2/25/2009

dited) Revenue: Research and development revenue under collaborative agreements $29,103 $13,020 $98,853 $22,319 Licensing and royalty revenue 546 8,535 8,337 36,025 Total revenue 29,649 21,555 107,190 58,344 Expenses: Research and development 33,343 23,583 106,439 78,204 General and administrative 4,382 4,227 13,811 13,059 Total operating expenses 37,725 27,810 120,250 91,263 Loss from operations (8,076) (6,255) (13,060) (32,919) Other income (expense): Investment income 2,514 2,386 11,318 11,443 Interest expense (1,306) (1,441) (5,603) (7,573) Gain (loss) on investments, net (965) - (965) 3,510 Loss on early retirement of debt - - - (3,212) Loss attributed to noncontrolling interest in Symphony GenIsis, Inc. - - - 23,157 Loss attributed to noncontrolling interest in Regulus Therapeutics 1,678 542 4,734 629 Net loss from continuing operations (6,155) (4,768) (3,576) (4,965) Net loss from discontinued operations (2,503) (2,189) (8,387) (6,029) Excess purchase price over carrying value of noncontrolling interest in Symphony GenIsis, Inc. - - - (125,311) Net loss applicable to common stock $(8,658) $(6,957) $(11,963) $(136,305) Basic and diluted net loss per share from continuing operations $(0.06)
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SOURCE Isis Pharmaceuticals, Inc.
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