Kendle Delivers Record Net Service Revenues and New Business Authorizations for First Qu...(al goals we have established for 2008. ...),Health

Dr. Kendle continued, "In support of our growth plans and our customers' needs, we made several significant leadership additions and promotions during the quarter to more strongly position Kendle for the future. As we progress through the year we look forward to executing on our market and business expansion initiatives to deliver improved value for our customers and shareholders."

Cash flow from operations for the first quarter 2008 was negative $9.4 million compared with positive $14.4 million for the same period of the prior year. Cash and marketable securities at March 31, 2008, totaled $32.0 million, including $1.7 million of restricted cash, compared with $35.3 million, which included $1.2 million of restricted cash, at March 31, 2007. Days sales outstanding in accounts receivable were 45 days for the first quarter 2008, compared with 41 days for the same period of the prior year, and capital expenditures for first quarter 2008 totaled $5.7 million, compared with $3.1 million for the same period of the prior year.

About Kendle

Kendle International Inc. (Nasdaq: KNDL) is a leading global clinical research organization providing the full range of early- to late-stage clinical development services for the world's biopharmaceutical industry. Our focus is on innovative solutions that reduce cycle times for our customers and accelerate the delivery of life-enhancing drugs to market for the benefit of patients worldwide. As one of the fastest-growing global providers of Phase I-IV services, we offer experience spanning 90 countries, along with industry-leading patient access and retention capabilities and broad therapeutic expertise, to meet our customers' clinical development ch
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